OBAMA MEETS WEDNESDAY WITH STATE INSURANCE COMMISSIONERS
President Obama is scheduled to meet with the state insurance commissioners on Wednesday to discuss the possibility of allowing cancelled plans to be offered once again. What this means is that President Obama said that those plans could be available, but there really is no validity behind these words. Each states’ insurance commissioner really has the say in whether they will allow those cancelled plans to be available in their state. Also, if those cancelled plans are to be offered once again they probably will come at a much higher premium than what they previously were.
Below is an article about the scheduled meeting.
Obama to meet state health insurance regulators on Wednesday
Reporting by Roberta Rampton; Editing by Sandra Maler
WASHINGTON (Reuters) – President Barack Obama will meet with representatives from the National Association of Insurance Commissioners on Wednesday to discuss issues with the implementation of his signature healthcare insurance program, the White House said.
Many state commissioners have been hesitant to embrace Obama’s fix to keep Americans from losing health plans that do not comply with the Affordable Care Act, saying they need to figure out how to resurrect canceled policies and whether to allow insurers to raise prices.
“We are looking forward to ongoing work with the state insurance commissioners to make sure that consumers across the country understand their options and rights under the health insurance law,” a senior White House official said.