LANSING— Michigan Department of Insurance and Financial Services Director Ann Flood recently announced recently that she will allow health insurers to extend their 2013 health insurance plan through 2014.
It is now up to health insurance companies to decide whether they want to reinstate plans that they originally planned on discontinuing next year.
Early last week, Sen. Joe Hune called on Director Flood to allow Michigan residents to keep the insurance policies that they currently have.
“This is great news for anyone in Michigan who is happy with their current plan,” said Hune, R-Hamburg Township. “This is something that was promised to the American people and that promise was broken.”
The decision could impact at least 225,000 Michiganders who buy their own insurance and who received letters notifying them that their current plans did not comply with Affordable Care Act requirements.
“Before Obamacare, insurers could offer affordable coverage now they are forced to raise rates or cancel polices,” Hune said. “I think it is safe to say the president overreached on this issue and that rollout of government mandated healthcare has been a disaster.”