Commissioner Lara Asks Trump Administration to Withdraw Proposed Changes That ‘wreak Havoc on the Affordable Care Act’
Today California Insurance Commissioner
Commissioner Lara's letter to the
"Certain provisions of the proposed Notice of Benefit and Payment Parameters for 2020 threaten the financial security and health of Californians and others throughout our nation," wrote Commissioner Lara. "In previous years, annual changes to federal regulations made in the Notice of Benefit and Payment Parameters have not been used as an opportunity to wreak havoc on the Affordable Care Act. These proposed regulations include a number of provisions that would be destructive to health insurance markets and could cause Californians and those throughout the country to lose their coverage or find it unaffordable. I urge you to withdraw the portions of these proposed regulations that make such significant and harmful changes."
Read Commissioner Lara's full letter (http://www.insurance.ca.gov/0400-news/0100-press-releases/2019/upload/nr020-19-Ltr-CRLBenefitPaymentParameters.pdf).
Key issues:
* The proposed regulations seek comment on "Silver Loading", a practice that
* The proposed regulations propose to eliminate auto re-enrollment. Auto re-enrollment has been the practice since 2014. Doing away with it will cause confusion and will cause some people to lose coverage.
* The proposed regulations would require insurers selling through the Exchange to sell products that exclude abortion coverage, but otherwise mirror their products that include coverage for abortion, if permitted by state law. In states that don't require coverage for abortion services, this proposal could result in the insurer removing abortion coverage from all of their health insurance policies, rather than finding another way to comply with this onerous anti-choice requirement.
Understanding Shifts in Democratic Party Ideology
Investing Daily Agrees to Modify Advertised Claims for Personal Finance Program Following Recommendations of Electronic Retail Self-Regulation Program
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News