Idaho Reclaims Review of Health Premium Rate Increases from Feds

The Idaho Governor has issued a waiver to the Idaho Department of Insurance, allowing it to comply with the Affordable Care Act despite his previous executive order stopping the Act's implementation; subsequently, federal officials have approved the state's request to resume its own rate review process.
The Associated Press is reporting that Idaho has reversed the federal takeover of health insurance rate increase reviews in the state.

Federal officials stepped forward to assume rate review of health insurance premium rate increases earlier this year
Earlier this year, Idaho Governor C.L. "Butch" Otter issued an executive order prohibiting the implementation in the state of the Patient Protection and Affordable Care Act, also known as "Obamacare," as well as the laws and regulations associated with federal healthcare reform. As a result of that executive order, federal officials indicated that they would usurp rate review of health insurance premium increases of ten percent (10%) or more by private insurance companies in Idaho as authorized by the Affordable Care Act.

From the Associated Press article:
The Idaho Statesman reports (http://bit.ly/qc8rci) the state Department of Insurance was already was reviewing some health plan rates filed by insurance companies, as part of its regular procedures, but the executive order Otter issued in late April had made it impossible for the Idaho Department of Insurance to meet new standards under the federal health care law.
The Associated Press indicates that Governor Otter has now issued a waiver allowing the Idaho Department of Insurance to comply with the provisions of the Affordable Care Act, thereby preventing the federal takeover.

The Director of the Idaho Department of Insurance, Bill Deal, indicated that the Department established a premium reporting and review process according to the Affordable Care Act after Governor Otter issued the waiver.

Subsequently, the federal Center for Consumer Information and Insurance Oversight granted the state's request to operate its premium reporting and review process in lieu of federal oversight.

Read the full article:

2 comments:

  1. It's a little amusing and curious to see how quickly the governor backtracked on his order when the feds took over the ability to review premium increases. To some degree, this quick decision begs the question why?

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  2. This post will really make you wonder what's the reason behind the instant increase of health insurance premium these past years. Could the new standard of health policy be the reason behind this?

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