Silly Proposal from Doug Gansler Running for Governer in MD

[Yagents]

Is there a link to this Bill?

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TALLAHASSEE, Fla.: Scott rebuffs Nelson on health insurance rate bill - Florida Wires - MiamiHerald.com

TALLAHASSEE, Fla. -- Florida Gov. Rick Scott on Friday signed a bill that removes the ability of state regulators to challenge health insurance rates for a two-year period.
U.S. Sen. Bill Nelson had called for the bill to be vetoed, saying the legislation was "unconscionable."
The GOP-controlled Florida Legislature passed the bill (SB 1842) in response to President Barack Obama's federal health care overhaul. The bill is designed to bring state insurance codes into harmony with the federal law.
The insurance bill was one of four bills signed by the Republican governor. Another repeals a state law that requires gasoline to be blended with up to 10 percent ethanol.
Scott said in a bill-signing message he supported the decision by lawmakers to remove rate review for 2014 and 2015 while the federal law is implemented. The removal of rate regulation is not for all health insurance plans but for those not "grandfathered" in under the new federal law.
"Rates for new plans will be reviewed by the same federal government that will be enforcing and updating the new rules and regulations throughout this very fluid and uncertain transition period," Scott wrote.

Read more here: TALLAHASSEE, Fla.: Scott rebuffs Nelson on health insurance rate bill - Florida Wires - MiamiHerald.com​

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Florida Gov. Scott Signs Bill Limiting State Review of Health Insurance Rates
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From NAHU:

Democratic Senator Bill Nelson is asking Florida Governor Rick Scott to veto a bill that would block the state's insurance regulators from effectively conducting a rate review of proposed premiums on the exchanges in 2014 and 2015. "I am told this will result in rate increases ranging between 10 percent and 70 percent," Nelson wrote in a letter. Nelson, former treasurer and insurance commissioner of the state, said that the Republican-backed bill has been criticized as a politically motivated attempt to let rates increase under the federal health law. "To eliminate the Florida insurance commissioner’s authority to turn down rate increases is unbelievable and unconscionable," Nelson wrote. The healthcare advocacy group Florida Chain has criticized the bill as well.

 

[bluediamond]

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TALLAHASSEE, Fla.: Scott rebuffs Nelson on health insurance rate bill - Florida Wires - MiamiHerald.com

TALLAHASSEE, Fla. -- Florida Gov. Rick Scott on Friday signed a bill that removes the ability of state regulators to challenge health insurance rates for a two-year period.
U.S. Sen. Bill Nelson had called for the bill to be vetoed, saying the legislation was "unconscionable."
The GOP-controlled Florida Legislature passed the bill (SB 1842) in response to President Barack Obama's federal health care overhaul. The bill is designed to bring state insurance codes into harmony with the federal law.
The insurance bill was one of four bills signed by the Republican governor. Another repeals a state law that requires gasoline to be blended with up to 10 percent ethanol.
Scott said in a bill-signing message he supported the decision by lawmakers to remove rate review for 2014 and 2015 while the federal law is implemented. The removal of rate regulation is not for all health insurance plans but for those not "grandfathered" in under the new federal law.
"Rates for new plans will be reviewed by the same federal government that will be enforcing and updating the new rules and regulations throughout this very fluid and uncertain transition period," Scott wrote.

Read more here: TALLAHASSEE, Fla.: Scott rebuffs Nelson on health insurance rate bill - Florida Wires - MiamiHerald.com​

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Florida Gov. Scott Signs Bill Limiting State Review of Health Insurance Rates
-------
From NAHU:

Democratic Senator Bill Nelson is asking Florida Governor Rick Scott to veto a bill that would block the state's insurance regulators from effectively conducting a rate review of proposed premiums on the exchanges in 2014 and 2015. "I am told this will result in rate increases ranging between 10 percent and 70 percent," Nelson wrote in a letter. Nelson, former treasurer and insurance commissioner of the state, said that the Republican-backed bill has been criticized as a politically motivated attempt to let rates increase under the federal health law. "To eliminate the Florida insurance commissioner’s authority to turn down rate increases is unbelievable and unconscionable," Nelson wrote. The healthcare advocacy group Florida Chain has criticized the bill as well.

Thank you, I could not find it on google, must not have dug deep enough.

 

[LGilmore]

Having gone through this in 1994 when my state adopted the Clinton plan, all I can say is hold on. Obamacare is not going away ever, it's just going to take 5-6 years of crap to work out the problems.

We are going to see some carriers leave the health insurance field entirely as compliance will mean failure for them. We're going to see choices from many drop to a few. Obamacare is going to change both ways. Parts of it simply aren't going to work.

The hope at least is what comes out of this in the ends works well enough.....

 

[bluediamond]

Don't know why Scott extended it two years, most non grandfathered will be gone in just about 12 months.

 

[RayNY]

Bluediamond, it's for those NOT grandfathered. Grandfathered plans , I assume, are still regulated by existing laws. Read the bold part of what you quoted.

The point is, these new plans that have a new block, new experience, new regulations, networks, cost sharing, etc. will not have rate increases evaluated against existing plans.

Watch out though, "It literally turns insurance companies loose on the public." Those other regulations that kept insurance companies in check for the past few hundred years don't matter, insurance companies will get you unless the state dictates their rate increases.