Wash. State Won't Let Insurers Uncancel Plans
So much for the president's proposal there
Just hours after President Obama announced changes to his health care law to give insurance companies the option to keep offering consumers plans that would otherwise be canceled, Washington state Insurance Commissioner Mike Kreidler says those changes will not be allowed in our state.
Kreidler says Thursday he has "serious concerns" about how Obama's proposal would be implemented and its potential impact on the overall stability of the state's health insurance market.
"I do not believe his proposal is a good deal for the state of Washington," Kreidler said in a statement announcing his decision. "In the interest of keeping the consumer protections, we have enacted and ensuring that we keep health insurance costs down for all consumers, we are staying the course. We will not be allowing insurance companies to extend their policies. I believe this is in the best interest of the health insurance market in Washington."