State Insurance Agency Reviewing Obama Decision
HARTFORD, Conn. (AP) _ Connecticut’s Department of Insurance is reviewing President Barack Obama’s plan to give insurance companies the option to continue offering consumers plans that would otherwise be canceled because they don’t meet minimum levels of coverage required by the Affordable Care Act.
As part of the review, Gov. Dannel P. Malloy said Thursday that Lt. Gov. Nancy Wyman will hold a meeting with Connecticut’s health insurance marketplace, Access Health CT, and others to review the ramifications of Obama’s announcement.
Kevin Counihan, CEO of Access Health CT, said Connecticut has not experienced a lot of policy cancellations because it already has state mandates that impose minimum coverage requirements. Unlike other states, he said Connecticut “doesn’t have those kind of plans,” such as so-called “mini-med plans,” which can have annual dollar limits on benefits.
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