Idaho officials have submitted an application to the federal government for financial aid on constructing a health insurance exchange in the state. Millions of dollars could be headed for the state if the application is approved. Much of the money will be used to plan and build exchange program, but any efforts will first need the approval of the state’s Legislature, which has been slow to warm to the overarching federal health care law. Idaho legislators have only approved of submitting the application for federal funds, thus far. Idaho has…
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Federal government to review Arizona’s insurance industry after the state fails to meet new standards
Arizona is not capable of moderating health insurance rate increases according to the state’s own law and those of the federal government. New federal standards accompanying the overarching health care reform dictate that states must be able to adequately review the rate increase process or default such authority to the federal government. Arizona’s current law dictates that insurers must submit paperwork regarding rate increases, but nothing more is required thereafter. Because Arizona does not meet federal requirements in this regard, federal regulators will be coming to the state to take…
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