After criticizing health insurance bill, Gov. Edwards signs measure pushed by Jeff Landry
The bill was backed by Attorney General
Both Landry, a Republican, and Edwards, a Democrat, backed bills during the recent legislative session that they claimed would protect people with pre-existing conditions in case the lawsuit joined by Landry is successful.
But the
Edwards has said
After lawmakers passed Landry's bill, the attorney general called on
Edwards quietly signed the bill Thursday without a formal announcement.
"
The new law would direct Insurance Commissioner
Such a pool would subsidize insurers offering plans for people who don't get coverage through work or other means, like the individual exchange currently does. But it is not clear where the money would come from to fund the system, something lawmakers pointed out as the bill made its way through the Legislature.
Edwards previously cast doubt that the bill would maintain the current level of protections for those with pre-existing conditions, and highlighted the uncertainty surrounding its funding.
"The bill doesn't do any harm," Edwards spokeswoman
Currently, those who don't receive health coverage through their employer, the government or other means can access insurance through the Affordable Care Act's individual exchange. Enrollment in the exchange in
About 800,000 people in
Edwards signed the bill despite hammering Landry over his stance on the Affordable Care Act and chastising the bill repeatedly as not doing enough to replace the ACA.
"I will never call it an Affordable Care Act replacement," Edwards said shortly after the legislative session ended. "Studying a high risk pool is not a replacement for the Affordable Care Act...it does not protect adequately those in
The bill pushed by
Both Landry's and Edwards' bills had to be revised after running into a major problem--cost.
State officials estimated consumers would be hit with hundreds of millions of dollars in higher premiums if the ACA was killed and the state tried to offer some of the law's popular protections. Currently, the federal government subsidizes the individual exchange, paying part of the costs of insurance for the vast majority of people in the market.
Both Landry and Edwards amended their legislation to get rid of the hefty price tag. After initially facing pushback from state senators, Landry won relatively easy passage of his bill.
Edwards also announced Friday the members of the Protecting Health Coverage in
The task force will meet
___
(c)2019 The Advocate, Baton Rouge, La.
Visit The Advocate, Baton Rouge, La. at www.theadvocate.com
Distributed by Tribune Content Agency, LLC.



Engineering Firm Helps South Florida Community Recover $3.5 Million Settlement
Many county homeowners in limbo over need for flood insurance
Advisor News
- The hidden flaw in insurance AI adoption for advisors and carriers
- Rising healthcare costs impact 401(k) accounts
- What advisors think about pooled employer plans, alternative investments
- AI, stablecoins and private market expansion may reshape financial services by 2030
- Cheers to summer, and planning for what comes next
More Advisor NewsAnnuity News
- MetLife Inc. (NYSE: MET) Climbs to New 52-Week High
- The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
- AuguStar Retirement launches StarStream Variable Annuity
- Prismic Life Announces Completion of Oversubscribed Capital Raise
- Guaranteed income streams help preserve assets later in retirement
More Annuity NewsHealth/Employee Benefits News
- Here’s how one Bay Area healthcare CEO is navigating “challenging” times
- Hospitals sue CVS Health over 304B drug pricing program
- Brokers face a new reality in voluntary benefits
- GUZMAN EFFORT TO EXPAND MAMMOGRAM ACCESS TO ALL AGES PASSES SENATE
- Providence insurance exit: What the health plan shutdown means for Oregonians
More Health/Employee Benefits NewsLife Insurance News
- WoodmenLife launches final expense life insurance offering
- The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
- Symetra Wins 2026 Shorty Award for ‘Plan Well, Play Well’ Social Media Campaign with Sue Bird
- Rehabilitator: PHL Variable liquidation payouts could exceed guaranty caps
- AI, stablecoins and private market expansion may reshape financial services by 2030
More Life Insurance News