HELENA, Mont. – Montana Commissioner of Securities and Insurance Monica Lindeen met with President Obama today to discuss the important role state Insurance Commissioners play in enforcing early provisions and full implementation of the Patient Protection and Affordable Care Act.
The meeting was earlier scheduled in mid-August at the National Association of Insurance Commissioners meeting in Seattle, but was rescheduled for today. In the meeting, there was agreement on the success states have had implementing provisions of the new law to this point. State insurance commissioners and the President are confident the new market reforms that go into effect tomorrow will bring needed changes to insurance industry practices.
“President Obama clearly understands the need to keep insurance regulation at a state level,” said Lindeen. “We have a shared goal of improving the health of the residents of each state and make them savvy health care and insurance consumers.”
Commissioner Lindeen was recently selected as the Vice Chair of the Health Insurance and Managed Care Committee for the National Association of Insurance Commissioners (NAIC). The Health Insurance and Managed Care Committee targets issues regarding health insurance and state regulation of health insurance. The committee responds to inquiries from Congress, the White House, and federal agencies on health insurance matters. Currently, the Committee is overseeing the NAIC groups working on various aspects of federal health reform, including: medical loss ratio, premium rate review, models related to Exchanges and market reform.