Post by Logan on Feb 4, 2016 2:33:29 GMT -6
RALEIGH -- N.C. Insurance Commissioner Wayne Goodwin this week became the latest public official to warn of the harms wreaked by the Affordable Care Act, saying the federal insurance law has destabilized the state’s insurance market and now threatens to leave some residents without options for health insurance.
Goodwin expressed his concerns in a letter sent Tuesday to Sylvia Burwell, secretary of the U.S. Department of Health and Human Services, as a follow-up to a personal conversation he had with the Obama administration official in November. Goodwin, a Democrat up for re-election this year, warned that the ACA is driving up insurance costs, reducing consumer options and generating unsustainable financial losses for the insurers, with the potential risk that insurers will withdraw from the state altogether.
Supporters of the federal health care law said Goodwin is overstating the problems and noted that his three-page letter had nothing positive to say about the ACA, despite the law’s significant reduction of the uninsured in North Carolina.
Instead, Goodwin presented a bleak analysis of what he sees as a deteriorating situation in need of urgent attention. His most recent concern: All three insurers on the federal insurance exchange have eliminated agent commissions for selling individual policies under the ACA in North Carolina.
Read more here: www.newsobserver.com/news/business/article58154628.html
Goodwin expressed his concerns in a letter sent Tuesday to Sylvia Burwell, secretary of the U.S. Department of Health and Human Services, as a follow-up to a personal conversation he had with the Obama administration official in November. Goodwin, a Democrat up for re-election this year, warned that the ACA is driving up insurance costs, reducing consumer options and generating unsustainable financial losses for the insurers, with the potential risk that insurers will withdraw from the state altogether.
Supporters of the federal health care law said Goodwin is overstating the problems and noted that his three-page letter had nothing positive to say about the ACA, despite the law’s significant reduction of the uninsured in North Carolina.
Instead, Goodwin presented a bleak analysis of what he sees as a deteriorating situation in need of urgent attention. His most recent concern: All three insurers on the federal insurance exchange have eliminated agent commissions for selling individual policies under the ACA in North Carolina.
Read more here: www.newsobserver.com/news/business/article58154628.html