Insurance chiefs to meet with White House Friday

Insurers aren’t happy with Obama’s fix for canceled policies.

US President Barack Obama speaks on the Affordable Care Act in the Brady Press Briefing Room of the White House on November 14, 2013 in Washington, DC.
National Journal
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Clara Ritger
Nov. 15, 2013, 1:59 a.m.

Pres­id­ent Obama will meet with sev­er­al in­sur­ance chiefs Fri­day af­ter­noon, Politico re­ports.

The meet­ing comes after in­sur­ance com­pan­ies is­sued state­ments ex­press­ing their con­cern with the pres­id­ent’s pro­posed fix for can­celed health in­sur­ance plans — largely a polit­ic­al move to ad­dress his pledge that “If you like your health plan, you can keep your health plan.”

On Thursday, Obama an­nounced that for one year, in­sur­ance com­pan­ies do not have to stop of­fer­ing plans that don’t com­ply with cov­er­age re­quire­ments set down by the Af­ford­able Care Act. For the mil­lions of Amer­ic­ans who have re­ceived health plan can­cel­la­tion no­tices, the pres­id­ent’s fix means that in­sur­ance com­pan­ies and state in­sur­ance com­mis­sion­ers could change course and con­tin­ue of­fer­ing 2013 cov­er­age in 2014.

Some state in­sur­ance com­mis­sion­ers — in­clud­ing Wash­ing­ton, D.C.’s Mike Kreidler — have already an­nounced that they will not al­low their res­id­ents to re­new 2013 plans.

“I have ser­i­ous con­cerns about how Pres­id­ent Obama’s pro­pos­al would be im­ple­men­ted and, more sig­ni­fic­antly, its po­ten­tial im­pact on the over­all sta­bil­ity of our health in­sur­ance mar­ket,” Kreidler said in a press re­lease.

In­sur­ance com­pan­ies also raised red flags about the pro­posed fix’s ef­fect on the mar­ket, say­ing it could cause only sick people to en­roll in cov­er­age made newly avail­able on the ex­changes and hike premi­ums in 2015, thereby driv­ing out healthy people.

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