There's Trumpcare prices, and then there's Obamacare prices.
California will let health insurers submit two different sets of rate request for their individual health plans for 2018 because of continued uncertainty over the fate of Obamacare, the Golden State's insurance commissioner said Friday.
That uncertainty has led to fears that insurers will raise prices sharply to account for potential changes to the Affordable Care Act. A Republican bill pending in the U.S. House of Representatives would make many changes to the ACA.
Insurers who sell plans in California — whose individual market is one of the largest in the United States — will be allowed to request so-called Trump rates, along with the rates they would like to see if Obamacare remains intact.
The office of the state's insurance commissioner, Dave Jones, said he is authorizing the dual submissions because "the Trump administration and House Republican Leaders continue to undermine the Affordable Care Act, creating instability in health insurance markets and causing health insurers to have to increase rates for the 2018 market."
Jones' move comes three days before Monday's deadline for insurers to submit preliminary proposed rates for 2018 to insurance regulators and to Covered California, the state's Obamacare marketplace.