Insurance Commissioner Downing on Funding for State Land Board

State trust lands are managed by the Department of Natural Resources and Conservation Trust Lands Management Division. Timber, surface, and mineral resources are managed for the benefit of the common schools and the other endowed institutions in Montana, under the direction of the State Board of Land Commissioners. State Auditor Troy Downing is on the Land … Read more

Bill targets skyrocketing drug prices in Montana

By CHAD SOKOLDaily Inter Lake | May 4, 2021 12:00 AM A bill that would give Montana officials the power to license and regulate pharmacy benefit managers — the middlemen that negotiate drug prices and determine which medications are covered by health insurers — is headed to Gov. Greg Gianforte’s desk. Proponents say the measure would shine a … Read more

The “State” of Telehealth: Montana

Montana Makes Telehealth Expansion Permanent On April 19, 2021, Montana Governor, Greg Gianforte, signed House Bill 43 (“HB43” or the “Bill”) into law. The Bill, which is effective on January 1, 2022, expands access to telehealth services in Montana that was originally extended because of the public health emergency (the “Pandemic”).  HB43 continues in a long line … Read more

Commissioner on PBMs and Skyrocketing Home Replacement Costs

Montana State Auditor and Insurance Commissioner Troy Downing spoke to KGVO News on Tuesday to discuss a bill about to be signed by Governor Gianforte that will give his office a better handle on prescription drug costs due to Pharmacy Benefit Managers. “It is one of the biggest growth areas in patient care,” said Downing. … Read more

Gov. Signs Bills On Voting, Health Board Authority, MMIP And More

Gov. Greg Gianforte signed several bills into law this week, including policies to end same-day voting registration and change voter ID requirements; limit local public health powers; expand telehealth access; give businesses tax breaks for vocational training; allow insurance companies to consider gender when setting rates; address the issue of missing and murdered Indigenous people; … Read more

New law makes telehealth expansion permanent

On Monday, Republican Gov. Greg Gianforte signed a bill to expand access to telehealth services that were originally extended because of the COVID-19 pandemic. The legislation was carried by Rep. Rhonda Knudsen, a Culbertson Republican. It permanently lifts requirements that were paused during the pandemic, like an established relationship between a patient and doctor in … Read more

Bill to regulate pharmacy benefit managers backed by auditor

Following a U.S. Supreme Court ruling that the state insurance regulator says paves the way, Montana is proposing to regulate pharmacy benefit managers in an attempt to lower prescription drug prices. The legislation was developed with direction from the state auditor, a broad range of stakeholders and legislators. Senate Bill 395 is carried by Sen. Greg Hertz, R-Polson. … Read more

“Obamacare” health-insurance policies now offering expanded subsidies

Thousands of Montanans who buy individual health insurance on the “Obamacare” marketplace – and some who don’t, but can now – are likely eligible for lower pricing of their coverage, insurance and health officials say. Starting Thursday, anyone with an Obamacare policy – about 45,000 Montanans – can re-submit their personal information to see if … Read more

Not Authorized to Operate in the US

The project is based in the Philippines and is not licensed to operate in the United States. Though the scheme highlights having ‘zero risk’, the website clearly projects its pyramid structure. Additionally, Forsage was flagged earlier in its home country for being a pyramid scheme and issued a warning to the local investors. “Every investment carries risk,” … Read more

US State Issues Cease and Desist Order against DApp Forsage

The US state of Montana has issued a cease and desist order against Ethereum-based investment scheme Forsage, calling it a Pyramid scheme. In the order issued last week, the state regulator said that it has received multiple complaints from the state residents about the scheme, which is violating the Montana Securities Act. Forsage, which runs as … Read more