Commissioner Jones Urges Senate to Fund Cost Sharing Reductions to Stabilize Health Insurance Market
Insurance Commissioner
"I urge
A matter of vital importance to the stability of the individual health insurance market is an ongoing commitment to fund the CSRs assistance included in the Affordable Care Act. Approximately half of the 1.3 million Californians who receive Advance Premium Tax Credits through Covered California also rely upon CSRs to afford the health care covered by their health insurance policies.
Due to the uncertainty regarding ongoing CSRs assistance, earlier this year, Commissioner Jones took the unprecedented step of authorizing
"We have reached the eleventh hour when you must act to fund the CSRs or it will be too late to prevent double digit premium increases because the rates for 2018 must be finalized before the end of this month," added Jones.
To prevent destabilization of the individual health insurance markets throughout this country, Commissioner Jones is urging the
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