ND says it needs time to study health care law revisionBISMARCK — The North Dakota Insurance Department said it needs more time to study a change to the federal health law and how it will affect the state.
By: Associated Press , INFORUM
BISMARCK — The North Dakota Insurance Department said it needs more time to study a change to the federal health law and how it will affect the state.
President Barack Obama announced Thursday that health insurance companies can continue to sell policies canceled under the Affordable Care Act for at least one more year to existing customers. The president's revision is in response to criticism from people who had cancellations or big changes to their insurance policies based on the new law.
State Insurance Commissioner Adam Hamm announced last week that nearly 36,000 North Dakotans would have their insurance policies canceled under the new health care law.
State Insurance Department spokeswoman Andrea Fonkert said the agency is studying the revision "and its potential impact on policy holders and the health insurance market."
Sen. John Hoeven a delay won't fix the problems.
Companies still have to comply with "Obamacare," so it's unlikely they'll be able to reinstate policies that already have been cancelled, and the delay is only for a year, the North Dakota Republican said.
"We need a step-by-step approach to health care reform that empowers people to choose their own provider and their own health care insurance policy, rather than a government-run approach. Obamacare needs to be repealed and replaced with a market-based plan that provides more choice, creates more competition and reduces health care costs," he said in a news release.
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