NAIC TO CONSIDER HEALTH REFORM RELATED FINANCIAL
WASHINGTON, D.C. (Aug. 5, 2010) — The National
Association of Insurance Commissioners (NAIC) Executive
Committee/Plenary will consider final implementation of a Blanks
Proposal reflecting changes required to implement the Patient
Protection and Affordable Care Act (PPACA).
Blanks are the actual forms submitted by insurance companies to
report quarterly and annual financial information to state
regulators. The proposal is the product of the Health Reform
Solvency Impact Subgroup, one of several NAIC groups meeting
responsibilities created by provisions in the PPACA. This subgroup
was charged to consider how provisions such as medical loss ratios
(MLR) will affect insurance solvency regulation. The Financial
Condition Committee adopted this Blanks Proposal on July 7,
In preparation for the NAIC Summer National Meeting in Seattle,
the NAIC has released suggested amendments to the Blanks Proposal
reflecting discussions among members and with the U.S. Department of
Health and Human Services (HHS). Because these suggestions were
submitted after committee approval, the NAIC is seeking public
comment before consideration by the Executive Committee/Plenary.
Comments regarding the suggested amendments to the Blanks Proposal
will be accepted until Wednesday, Aug. 11, 2010, and should be sent
to email@example.com. The
Executive Committee/Plenary will consider the original Financial
Condition Committee Blanks Proposal as well as the suggested
amendments and comments during the meeting scheduled for Aug. 17,
2010 in Seattle.
The Blanks Proposal is just one of many efforts being executed by
the NAIC to meet the requirements of the health care law. State
regulators and NAIC staff continue to work diligently to execute
these efforts in a thorough and transparent manner.
for the Financial Condition Committee approved Blanks Proposal
for the suggested amendments to the Blanks Proposal (8/5/10).
for the Executive Committee/Plenary agenda and attachments for the
NAIC Summer National Meeting.
for more information on NAIC health care reform efforts.