Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement in response to Covered California’s announcement that California’s health insurance exchange will offer quality, affordable plans to millions of Californians without raising premiums. Covered California is the state’s new health insurance marketplace, created by the Affordable Care Act.
“Today, millions of families learned that California will deliver on a central promise of the Affordable Care Act: access to quality, affordable health care coverage for all. Due to the extraordinary leadership of Covered California, our state will offer more than a dozen comprehensive health plans without the fear of higher premiums.
“Starting in October, insurance companies will compete in the open marketplace, giving Californians who lack health insurance a chance to enroll in a plan that best suits their needs and their pocketbook. Under health reform, insurers can no longer consider pre-existing conditions or health histories to set the price of coverage. Many people who purchase a plan in the exchange will also receive a tax credit to help reduce their premiums.
“Thanks to the cooperation and commitment of California’s medical community, our health insurance marketplace will expand competitiveness, improve health care, protect the economic security of the middle class, and transform millions of lives. I am proud to see that California is leading the way in establishing the bright and healthy future that the Affordable Care Act is meant to ensure.”