Worst. Law. Ever.
(Las Vegas Sun) — Nevada got a partial waiver from the health care law — a significant development that Democrats are dismissing as par for the course and Republicans are claiming as a political victory.
The Health and Human Services Department announced late Friday that Nevada had secured a statewide waiver from certain implementation requirements of the Obama administration’s health care law, because forcing them through, the department found, “may lead to the destabilization of the individual market.”
The announcement makes Nevada one of only three states to have compliance requirements under the health care bill waived.
Nevada’s Insurance Division had appealed to the feds to reduce the federal requirement that health plans serving people who buy insurance on their own must spend at least 80 percent of the money they collect on medical expenses. Under the national rule, companies that don’t spend that percentage of revenue on medical costs have to cut policyholders rebate checks starting this year.
Nevada asked that requirement be reduced to 72 percent for one year, arguing that top insurance providers would be so strapped to make the payments that they’d exit the state market.
Health and Human Services didn’t fully buy that argument, but did agree to reduce the requirement to 75 percent for a year, expressing concern about what might happen to people with policies from insurers Golden Rule and Aetna if they didn’t. . . .
“It is becoming increasingly clear how flawed this law really is,” Nevada Sen. Dean Heller said in a statement Monday. “Not only did it cut a half trillion dollars from Medicare, impacting thousands of Nevada’s seniors, now the law would have driven health insurers out of our state if a reprieve had not been granted.