SEATTLE (AP) – Washington state’s insurance commissioner says President Barack Obama’s proposal on old insurance policies isn’t a good deal for Washington citizens.
Commissioner Mike Kreidler said Thursday he won’t allow insurance companies to extend their old policies that didn’t meet the requirements of federal health care reform. An estimated 290,000 Washington residents have received notices that their old insurance policies will be canceled.
“Trying to do what the president has proposed would be very disruptive to the insurance market in the sate of Washington so no, we will not be allowing insurance companies to extend these policies,” he said. “You’d have to go back and re-rate all of the policies, and the premises for what they originally proposed rates would all change.”
Kreidler, a Democrat, says all of them can get better coverage on the new health care exchange. He says at least half of them will qualify for a subsidy to help them pay the premium.
Thursday, November 14, 2013
Washington declines to help Obama fix his messed up healthcare reform...
I doubt Obama really cares. He just wanted a plan where he could blame someone else. The likely scapegoats will be insurance companies and states.