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Tue December 6, 2011
New Health Insurance Regulations Proposed For Wyoming
New proposals by state and federal officials might help authorities crack down on fraudulent and insolvent insurance trusts.
On Monday, the Department of Labor announced that new regulations under the Affordable Care Act would give the agency more power to oversee associations composed of multiple employers. They’re called MEWA’s for short.
The Joint Labor, Health and Social Services interim committee will also meet to discuss a proposed bill that aims to provide the state’s insurance department more authority over health insurance trusts and plans.
Both of the proposals come as the Centers for Medicare and Medicaid Services take over review of health insurance rates in Wyoming, after the Obama administration determined state officials could not adequately regulate premiums for insurance sold to individuals or small businesses in September.
If approved, the committee will send the bill to the full Legislature for further consideration.