The number of health insurance policies canceled in Oklahoma as a result of the Affordable Care Act (ACA) has been minimized due to the efforts of Oklahoma Insurance Commissioner John D. Doak.
“Here in Oklahoma, my office has always focused on the consumer,” said Doak. “We recognized the possibility of cancellations early on and worked with the state’s largest health insurance companies to lessen the consumer impact. That collaboration led to our approval of their requests to modify policy renewal dates, which allowed a majority of Oklahoma policyholders to keep their existing coverage through 2014.”
Technically, this does not extend their existing coverage, but does permit renewals at some figure resembling the previous premium.
Doak, of course, is not impressed by the administration’s shenaniganza:
“After yet another failed initiative, President Obama is just passing the buck,” said Doak. “How can the federal government make this decision without offering any guidance to the state insurance departments or the insurance carriers? Cancellation notices have already gone out. Rates and plans have already been approved. How is this supposed to work? There are a lot of unanswered questions right now. This is what you get when you pass a bill you haven’t read.”
This is consistent with the NAIC statement earlier yesterday. Very consistent.