Entire State of Nevada Receives an Obamacare Waiver

Reid After Accessing Senator's Healthcare

Las Vegas Sun - 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. Read full story here: News New Mexico

Entire State of Nevada Receives an Obamacare Waiver