[Washington] State rebuts Obama plan to allow old health insurance policies
Source: KOMO News
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.
Read more: http://www.komonews.com/news/local/State-rebuts-Obama-plan-to-allow-old-health-insurance-policies-231949931.html
russspeakeasy
(6,539 posts)Stop the apologies.
JimDandy
(7,318 posts)Purveyor
(29,876 posts)lostincalifornia
(3,639 posts)Requirement for one year
thefool_wa
(1,867 posts)Seems to be one of the very few in this nation that DOESN'T have its head up its own ass.
I love living in the land of the green
new Democratic Governor Jay Inslee is on some tear and is killing MMJ in Washington State. Everyone Must Pay, I'm sure there's no connection to *Big Business* and the potential cash windfall, nope not at all, I'm sure he's thinking about the patients. Right?
-p
JackInGreen
(2,975 posts)thankfully it would seem that we outnumber those with anal cranial inversions.
blkmusclmachine
(16,149 posts)Sunlei
(22,651 posts)people it's crap insurance