NEW YORK: James
Wrynn will be the deputy superintendent for Insurance under the
Department of Financial Services (DFS) after the consolidation of the
New York State Insurance Department, of which he is currently
superintendent, with the Banking Department. Benjamin Lawsky was
nominated to be the superintendent of the DFS. At packed confirmation
hearings, Lawsky appeared before the Senate Insurance Committee and then
the Senate Banking Committee. Lawsky said he understands that prior
approval has become "overly politicized." He said he would make
addressing this his "number one priority." He also said he planned to
meet with all stakeholders on this issue in the coming months. He was
unanimously approved by both Insurance and Banking Committees but must
still appear before the Senate Finance Committee for its approval.
The
NYS Department of Insurance held public hearings on exchanges that
reports say were not well attended. The New York Health Plan Association
testified that the success of any health insurance exchange boils down
to the affordability of coverage it can offer. The HPA said the best
way to preserve affordability is through an independent authority, which
could be created by passing very limited exchange legislation before
the end of the legislative session. Such legislation could establish the
governance and infrastructure of the exchange and charge it with
conducting research to make recommendations regarding the policy issues
that need to be addressed by 2014. A key issue to address is how to
ensure that the exchange is financially sustainable by 2015, as the law
requires.
NORTH CAROLINA: Legislation implementing an Exchange
Advisory Board met with some consumer opposition last week. Opposition
centered mostly on the way in which the exchange will be funded.
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