California Insurance Commissioner Dave Jones’ statement on Trump Administration’s latest action to undermine the ACA
News: 2018 Press Release
SACRAMENTO, Calif. — "The Trump Administration has just taken another step to sabotage the nation's health insurance market by announcing that it will withhold the 2017 risk adjustment payments, which balance the risk among health insurers. The Trump Administration's action to halt an essential component of the Affordable Care Act may adversely impact the willingness of insurers to continue to sell policies to individuals, families and small employers, as well as cause insurers to raise prices. The Trump Administration's action introduces needless uncertainty into the ACA insurance market.
The Trump Administration has chosen to respond to one court's ruling in the way that will be most destructive to the insurance market across the nation, and to American consumers. I urge the Trump Administration to change course and quickly proceed to preserve the risk adjustment program in order to maintain the stability of the health insurance market."
Insurance Commissioner Dave Jones
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Led by Insurance Commissioner Ricardo Lara, the California Department of Insurance is the consumer protection agency for the nation's largest insurance marketplace and safeguards all of the state’s consumers by fairly regulating the insurance industry. Under the Commissioner’s direction, the Department uses its authority to protect Californians from insurance rates that are excessive, inadequate, or unfairly discriminatory, oversee insurer solvency to pay claims, set standards for agents and broker licensing, perform market conduct reviews of insurance companies, resolve consumer complaints, and investigate and prosecute insurance fraud. Consumers are urged to call 1-800-927-4357 with any questions or contact us at www.insurance.ca.gov via webform or online chat. Non-media inquiries should be directed to the Consumer Hotline at 800-927-4357. Teletypewriter (TTY), please dial 800-482-4833.
