State Insurance Regulators 'Concerned' about Obama's Proposed Health Care Fix

Photo Credit: ThinkstockAt a Thursday press conference, President Obama, in attempt to calm the backlash from millions of Americans losing their insurance coverage, announced that insurers would no longer be bound by the requirements of his health care law for plans currently in effect.

He said that now the issue would be up to insurers and state regulators.

But Jim Donelon, president of the National Association of Insurance Commissioners (the organization representing state insurance commissioners), said that state regulators are “concerned” about Obama’s announcement and aren’t clear on how it could be workable.

Here is the full statement from Donelon, emailed through a NAIC spokesman:

We share the President’s and Congress’ concerns about policy cancellations and issues including gaps in coverage that may result from them, and fully understand the anxiety of the residents of our states who have received these notices. This anxiety is especially heightened given the issues with the federal exchange.

You might also like