Friday, November 15, 2013

Why the commissioner decided against allowing canceled policies back into Washington

President Obama’s announcement this week that previously canceled individual health-insurance policies for 2014 could be reinstated – at the discretion of insurance commissioners – drew a lot of attention.

Washington state Insurance Commissioner Mike Kreidler acted quickly, deciding against allowing the previously discontinued policies to be put back into effect. The reasons are straightforward: The proposal does not make sense for Washington because of the overall negative effect on the stability of the health-insurance market.

To learn more about Commissioner Kreidler’s decision, please check his statement.

You can also see what is really happening with those canceled policies and how many consumers can qualify for more comprehensive coverage at less cost.