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  #1  
Old 04-02-2018, 03:54 PM
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Default Iowa Approves Non-Obamacare "Healthcare" Plans

https://www.desmoinesregister.com/st...lds/478100002/

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Iowa Gov. Kim Reynolds on Monday signed a controversial bill allowing sales of health coverage exempt from state and federal regulations, including the Affordable Care Act.

... The bill, Senate File 2349, will allow Wellmark Blue Cross & Blue Shield to partner with the Iowa Farm Bureau Federation to sell a new type of health policy. The bill defines the new coverage as not technically being health insurance. It won’t be regulated by the Iowa Insurance Division and it won’t have to comply with rules under the Affordable Care Act, also known as Obamacare.
Essentially a workaround for the death-spiraled individual market to create an unregulated form of health insurance that is not health insurance to avoid DOI rules.
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Old 04-02-2018, 05:12 PM
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Originally Posted by LifeIsAPoissonProcess View Post
https://www.desmoinesregister.com/st...lds/478100002/



Essentially a workaround for the death-spiraled individual market to create an unregulated form of health insurance that is not health insurance to avoid DOI rules.
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Old 04-02-2018, 05:41 PM
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Levitt, who studies health-insurance issues, said Iowa's bill centers on "semantics," by declaring one type of health coverage is not actually insurance. That could help it stand up to legal challenges, he said, but it also means there will be no government oversight of the plans. "If a consumer buying one of these plans has a problem, it's not clear where they could turn for help," he said.
What does this (bold) mean?
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Old 04-02-2018, 10:59 PM
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Cool Healthcare isn't Insurance

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Originally Posted by LifeIsAPoissonProcess View Post
https://www.desmoinesregister.com/st...lds/478100002/



Essentially a workaround for the death-spiraled individual market to create an unregulated form of health insurance that is not health insurance to avoid DOI rules.
HHS rejected Iowa's 1332 exemption application. This is the result of over-regulation.
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Old 04-03-2018, 06:38 AM
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What does this (bold) mean?
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HHS rejected Iowa's 1332 exemption application. This is the result of over-regulation.
It seems like this is Iowa's response to the HHS rejection coupled with the repeal of the individual mandate. If HHS isn't going to allow "state innovation" of healthcare, then just call "healthcare" by another name since it no longer needs to meet EHB/AV restrictions and sell it to people who no longer have consequences for not buying coverage.
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Old 04-03-2018, 08:33 AM
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These are probably 364 day plans. The regulation was just changed to allow Short-term medical plans (NOT considered health insurance) to last for up to 364 days from 90 days.

You can effectively get a year-long policy that acts like health insurance without having it BE health coverage. I believe states are free to make their own regulations surrounding these policies (and the states my company operates in have- but I work in a more regulated area of the country), so it sounds like in Iowa the only rule is that there is no rules.
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Old 04-03-2018, 08:35 AM
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Old 04-03-2018, 08:46 AM
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If memory serves, Iowa was the state with the million dollar a month ACA patient, right? So I assume they'll soon have million dollar a month premiums.

(Or the ACA marketplace will just collapse)
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Old 04-03-2018, 09:51 AM
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If memory serves, Iowa was the state with the million dollar a month ACA patient, right? So I assume they'll soon have million dollar a month premiums.

(Or the ACA marketplace will just collapse)
Yes
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Old 04-03-2018, 10:00 AM
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I wonder if the same thing that happened in Idaho will happen in Iowa. I mean, most people think they're the same place anyway.
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