Four States Spurn New Insurance Regulations, Leaving Them to the Feds
Death by a thousand cuts
At least four states won't enforce new sweeping insurance market reforms rolling out next year with the health law — leaving federal health officials in Washington to pick up the slack, yet another wrinkle in Obamacare implementation.
Insurance regulation is a huge responsibility that's been closely guarded by the states. That's why the Obama administration and those closely watching the rollout of Obamacare believe that even states that have sworn off the law's coverage expansions will still enforce its new measures — including new benefit mandates, cost-sharing guidelines and rules on how insurers rate customers — to retain control over their health insurance markets.
But the feds will be overseeing the health care law in Missouri, Oklahoma, Texas and Wyoming after those states told HHS they couldn't or wouldn't implement the new rules.
Some are calling it an "anti-Bloomberg" bill — a jab at New York Mayor Michael Bloomberg, who tried to ban the sale of super-sized soft drinks, according to CNS News.
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