Insurance Regulators Warn of Loophole in Reform Law
The National Association of Insurance Commissioners has warned the Office of Personnel Management that language in the federal health reform law could put multistate insurance plans at an advantage over smaller plans. In 2014, OPM will contract with at least two health plans that will be sold in every state health insurance exchange. According to NAIC, the law's language could create two sets of rules: one for the multistate plans and one for other plans. For instance, the language could be interpreted as exempting multistate plans from additional consumer protections imposed by states, NAIC said.
- "NAIC Urges Caution in HIX Regulations" (Commins, HealthLeaders Media, 8/16).