Insurance Commissioner issues statement regarding Covered California’s decision on prescription drug cap
News: 2015 Press Release
SACRAMENTO, Calif. - Today, California Insurance Commissioner Dave Jones made the following statement in response to Covered California's decision not to adopt a $300 prescription drug cap for Bronze plans:
"I've worked for more than six months, along with consumer advocates, to get changes to the Covered California plan design in order to make sure that Californians with chronic health conditions can afford to fill their prescriptions. Today's changes by Covered California help those who buy Silver, Gold and Platinum coverage, but the $500 cap per prescription per month, in addition to the $500 pharmacy deductible for the Bronze plan, makes prescription drug coverage unaffordable to Californians who buy Bronze plans, one of the most popular health insurance levels of coverage. While I am pleased that Covered California took our suggestions to cap Silver, Gold and Platinum coverage, I am disappointed that Covered California did not lower the cap amount that health insurers can charge per drug per month for the Bronze plans, as we requested."
- The Covered California plan design must be sold by insurers whether they sell through the Exchange or not.
- A letter from Commissioner Jones to Covered California is available to the public.
The California Department of Insurance, established in 1868, is the largest consumer protection agency in California. Insurers collect $289 billion in premiums annually in California. Since 2011 the California Department of Insurance received more than 1,000,000 calls from consumers and helped recover over $469 million in claims and premiums. Please visit the Department of Insurance web site at www.insurance.ca.gov. Non-media inquiries should be directed to the Consumer Hotline at 800.927.HELP or 213.897.8921. Telecommunications Devices for the Deaf (TDD), please dial 800.482.4833.