|Updated: 11/14/2013 5:32 pm
||Published: 11/14/2013 5:31 pm
Oklahoma Insurance Commissioner John Doak said his offices has minimized the number of health insurance policies canceled in Oklahoma as a result of the Affordable Care Act.
“Here in Oklahoma, my office has always focused on the consumer,” said Doak. “We recognized the possibility of cancellations early on and worked with the state’s largest health insurance companies to lessen the consumer impact. That collaboration led to our approval of their requests to modify policy renewal dates, which allowed a majority of Oklahoma policyholders to keep their existing coverage through 2014.”
Doak said Thursday that Oklahoma’s insurance market is secure, but President Obama’s administrative fix to the ACA could devastate insurance markets in some states. The warning comes after President Obama announced that he would allow insurance companies to continue to offer existing policies that don’t meet ACA standards for one year.
Thursday’s decision doesn’t require insurers to extend existing plans, but it does allow them to offer an additional year of coverage. Commissioner Doak has pledged to continue to work with insurance companies on consumer-focused solutions to Obamacare problems.
Oklahomans with health insurance questions can call the Oklahoma Insurance Department’s Consumer Assistance Division at 1-800-522-0071.
Doak recently announced he is running for re-election.