Oklahoma Insurance Commissioner John Doak announced that health insurers may continue to renew policies not meeting Affordable Care Act requirements through 2016.
The announcement came after the federal government released updated health care enrollment figures. As of March 1, nearly 33,000 Oklahomans had enrolled in the federal exchange.
Doak says the insurance department has concerns about the long-term effects of the federal health care law.
Under this change, insurance companies will be allowed to renew non-grandfathered plans for policies beginning on or before Oct. 1, 2016. Non-grandfathered plans are considered those issued after March 23, 2010, but prior to Jan. 1, 2014.
Doak said the department decided to leave the renewal decision up to the insurers because of the difficulty they face in trying to adapt to changing market rules.
Topics Oklahoma
Was this article valuable?
Here are more articles you may enjoy.
Space Startups Seek Insurance for Orbital AI Data Centers 
Trump Says Illegal Immigration Increased Car Insurance but Experts Say Otherwise 
Appetite for Insurance M&A Remains as AI Enters the Chat, Says PwC 
Trump Administration Backtracks on Removing Ocean Sensors 
