Wednesday, July 29, 2009

Legislation wrap-up: new rules for flood insurance, organ transplants, annuities and discount health plans

Get your medical bills lowered.” A solution so simple, it’s brilliant.” “The savings do not stop there.”

As people struggle to find affordable health care, many are turning to discount health plans. And some buyers, who mistakenly think they’ve bought insurance coverage with full benefits, are discovering that the discounts are much more limited than they thought.

Several new laws, including one requiring more regulation and disclosure for such plans, took effect yesterday. The others include laws shortening the insurance waiting period for some people getting organ transplants, consumer-protection changes involving flood insurance, and new rules for annuities.

Click here for more information on the specifics.

"We've got to have reform"

Washington Insurance Commissioner Mike Kreidler testified recently about health care reform before the state Senate Health and Long-Term Care Committee.

An excerpt:

This is going to take some time to take place. I know what's going to happen if we do nothing. We're going to spend $33 trillion over the next 10 years, get the results of a Third World country, and outspend everybody else by two to one. That is unacceptable to the American people. We've got to have reform.


Welcome to the blog of the office of the Washington state Insurance Commissioner.

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