2018 health insurance rates higher thanks to Trump and republicans
News: 2017 Press Release
"We all waited and waited for the Trump Administration and the Republican-controlled Congress to follow the law and commit to funding the 2018 cost-sharing reductions in the Affordable Care Act. State Insurance Commissioners, health care advocates, and health insurers all made clear that rates for 2018 needed to be finalized by early September. President Trump and Congressional Republican leaders spent their time working to repeal the ACA and destabilizing the health insurance market, rather than taking the simple step of funding the CSR program that reduces deductibles and other out-of-pocket costs for consumers.
The 2018 individual market rates were finalized today, and health insurers will start notifying policyholders about the rate increases. Thanks to President Trump's and Congressional Republicans' inaction, the 2018 health insurance rates are higher than they would otherwise be. The 2018 rates are on average 12.4 percent higher for the Silver Plans, which have the highest enrollment of Covered California plans."
Insurance Commissioner Dave Jones
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.