Page 26 - State Regulators News Today

>> its been great. they showed up exactly on time. >> but r.j. soon learned that pleasing customers is not enough. he got a threatening letter from state regulators. >> we need a certificate of necessity saying that there is room in the market for us to operate. >> certificate of necessity. meaning? >> the necessity within the moving mark in kentucky for another mover. >> what? a business has to prove its needed? to get a license? >> you essentially have to get permission from your own competiti...

Are not quite sure what to do next. elizabeth prann reporting from washington. elizabeth? after meeting at the white house friday now have the broken promise sell back insurance plans to customers who received cancellation notices. daunting feat seeing as insurance companies answer to state regulators they cannot reinstate plans without the governing bodys approval. a number have already rejected the presidents proposal saying it could raise premiums it would be a huge undertaking, hundreds of t...

Without thegoning body approval the state regulators, and a number rejected the presidents renewal proposal warning it could raise premiums. >> it would be a huge undertaking. putting the toothpaste back in the tube is difficult to do. >> "washington post" reporting that the florida, north carolina, ohio, kentucky, texas for example have said insurers will have the opportunity to sell plans. but rhode island and vermont will not make changes. washington state commissioner saying that his state i...

Fair insurance markets -- >> how do you think that happened? how was that messaging -- how dud it get lost? how did it get so convoluted? >> i think its really the double whammy of the website glitch. you dont have the winners you can point to to offset these stories of the much smaller number. ultimately the number of people who are seeing cancellations and higher prices will be a fraction. we havent seen it yet because of the website glitch. >> insurers and state regulators complaining the pre...

Thank you for your time. what are you hearing about what happened and what if any changes could follow? >> these group represents some of the biggest health care companies. they have concerns and i think they still have concerns. the president made a major fix to his original rollout of his plan the other day in saying that those folks who have had their insurance cancelled on the individual marketplace can now keep those plans for one more year. this is a big surprise to the industry which had ...

Latest for us from washington, thank you so much. eric. >> president obamas push to save the policies that were canceled sounds like the welcome relief people have been hoping for. what impact could it have on insurance companies? they have to try to navigate the chaotic landscape that surrounds the policies and issues dealing with obama care. elizabeth prann is live with the very latest about the warnings that prices could spike. >> with a month before the deadline set for customers to purchase...

Hot potatoe on to them. from 15 insurance companies, he met with, trying to figure out the next step. theres still a lot of confusion, namely how to reverse course so quickly. remember that first enrollment deadline comes up in just a month, then theres the question about the marketplace. if insurance companies do decide to go along with it. ultimately, they said it could wind up driving up premiums. you have the question of state regulators saying theyre not going to go along with the president...

Further compounding the problem, you have some state regulators saying theyre not going to go along with the presidents fix. states including washington and arkansas already saying that they are going to take a different course. and then you had 39 democrats on friday breaking with president obama to vote with the house republicans to approve a legislative fix to all of this. and then, of course, theres the issue of the website, mara, the administration continues to insist they will have it runn...

And hcsc will be among the health insurance companies attending this meeting with the president this afternoon, jon. jon: what are they going to tell the president or what do we expect they will tell the president? >> reporter: we expect they will tell the president this will be very difficult to pull off. we got a statement from aetna on all of this. it says that it supports efforts to allow people to keep the insurance policies they have, however, quote, we will need cooperation and expedited ...

>> well, you know, heres the point. this bill was passed in march of 2010, shep. and the insurance companies and the insurance regulators for the last three and a half years have been working on the basis of trying to make this all work. based on the mandates and the changes that were in obamacare. now the president comes out in the middle of november, 0 month -- less than a month before the insurance companies have to set, if youre going to get a policy on january 1st january 1st they have to d...