An official at the Center for Consumer Information & Insurance Oversight now has detailed the Obama administration's policy cancellation fix.
The Obama administration earlier Thursay announced that the U.S. Department of Health and Human Services would be letting carriers continue individual and small-group policies that are out of compliance with the Patient Protection and Affordable Care Act into 2014.
Gary Cohen, the director of CCIIO, an agency in charge of many implementation efforts, now has put the transitional relief program into writing, in a letter to state insurance commissioners, where he acknowledges some individuals and small groups facing cancellations could pay more for new policies, even if they get coverage through the exchanges.
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Allison Bell
Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at [email protected] or on Twitter at @Think_Allison.
