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Climate, AI, Privacy, Racial Bias Among State Insurance Regulators' 2021 Priorities


Climate, AI, Privacy, Racial Bias Among State Insurance Regulators’ 2021 Priorities
February 10, 2021
The country’s insurance regulators are vowing to prioritize the monitoring of the use of consumer and non-consumer data by companies, the use of artificial intelligence, and the availability and affordability of insurance products for racial minorities.
They say they will also remain active responding to the ongoing coronavirus pandemic and its impact on consumers and insurance markets.
The state regulators’ organization, the National Association of Insurance Commissioners (NAIC), celebrating its 150th anniversary, announced its strategic priorities for 2021.
“This year marks 150 years of NAIC members being unified in their commitment to protect consumers and ensure fair, competitive, and healthy markets,” said NAIC President and Florida Insurance Commissioner David Altmaier. “In 2021, we will continue this tradit ....

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Insurance Commissioners Offer ACA Policy Recommendations


• Provide immediate relief from Affordable Care Act (ACA) subsidy clawbacks created by COVID-19 uncertainty.
• Provide clarity on COVID-19 testing coverage requirements, especially in regard to tests that are ordered as part of state-based contact tracing efforts.
• Partner with states in actively focusing on programs and practices that address the needs of historically marginalized communities.
• Address problematic elements of the recently proposed Notice of Benefit and Payment Parameters (NBPP) for Plan Year 2022.
• Allow flexibility for states aiming to pursue progressive policy aims by empowering them to apply for ACA innovation waivers beyond reinsurance.
 
Longer-term policy priorities
• Reverse policies, such as the weakening of non-discrimination protections and the public charge rule, that undermine the ACA and deny health care coverage to many people. ....

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