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FOR IMMEDIATE RELEASE

STATE INSURANCE REGULATORS MEET WITH PRESIDENT OBAMA
    NAIC Addresses ACA Issues with White House

WASHINGTON, D.C. (Nov. 20, 2013) A bipartisan delegation from the National Association of Insurance Commissioners (NAIC) met today in the Oval Office of the White House with President Barack Obama; Health and Human Services Secretary Kathleen Sebelius; Deputy Administrator & Director at the Center for Consumer Information and Insurance Oversight (CCIIO) Gary Cohen; and Deputy Assistant to the President for Health Policy Chris Jennings. The President extended the invitation to discuss issues surrounding the roll-out of the Affordable Care Act (ACA).
   
State insurance regulators stressed their concern that different rules for different policies would be detrimental to the overall insurance marketplace and could result in higher premiums for consumers, without addressing the underlying concern of gaps in coverage. They also emphasized the importance of deferring to the states to protect consumers, and highlighted the solid track-record of effective regulation by insurance departments across the country.
   
“Since the passage of ACA, state regulators have been working to ensure that plans are compliant with the new rules. These proposed changes are creating a level of uncertainty that we must work together to alleviate,” said Jim Donelon, NAIC President and Louisiana Insurance Commissioner. “We share the President’s goal of affordable coverage for consumers, and we will work with the insurance companies in our states to implement changes that make sense while following our mandate of consumer protection.”
   
Donelon attended the meeting with NAIC Chief Executive Officer Senator Ben Nelson, Connecticut Insurance Commissioner Thomas B. Leonardi, and North Carolina Insurance Commissioner Wayne Goodwin. The group discussed practical implications of implementing the delay in enforcement as well as outstanding questions regarding what specific provisions would be impacted.
   
“The ACA represents a transformation of the health insurance marketplace, and regulators are using all available tools to protect consumers as provisions are implemented,” said Nelson. “States are evaluating their options to determine what impact – both immediate and long-term – this delay in enforcement means for consumers.”
   
The meeting also included a discussion on international insurance markets and the role of U.S. insurance regulators in international discussions.  “As the global insurance market continues to evolve, it’s even more important that state regulators have a strong presence in international regulatory forums,” Nelson added.
       

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About the NAIC

The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. For more information, visit www.naic.org.

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