The nation’s top insurance companies, meanwhile, have pledged to comply with a provision in the new healthcare law requiring them to cover children with pre-existing medical conditions. Secretary of Health and Human Services Kathleen Sebelius had written top insurers on Monday after reports emerged the companies were mulling exploiting what they saw as a loophole that would allow them to delay compliance until 2014. On Tuesday, the trade group America’s Health Insurance Plans said insurers will “fully comply” with the new rules. The Wall Street Journal, meanwhile, reports America’s Health Insurance Plans and the US Chamber of Commerce have formed separate task forces to help influence the regulatory process of implementing the new healthcare law. In a letter to board members, US Chamber of Commerce president Thomas Donahue said the task force will “participate in the years-long process of writing the thousands of pages of federal regulations that will implement the many provisions of this legislation.” Donahue also says the Chamber plans on spending $50 million this summer and fall to help defeat vulnerable Democratic candidates who supported the healthcare bill.
Heath Insurance Companies Drop Plan to Exploit Loophole in Bill
HeadlineMar 31, 2010