Wyoming’s health insurance industry is reeling with indecision after President Barack Obama announced on Thursday, November 14 that companies can continue providing existing health insurance packages, Wyoming’s Insurance Commissioner Tom Hirsig said on Friday, November 15.
According to data from the state, around 500 policies have already been canceled by private insurers in Wyoming, and they are looking at cancelling 2,600 more to conform with Obama’s directive for insurance companies to offer new health insurance coverage that will meet the new requirements of the Affordable Care Act.
Hirsig said insurance companies are still figuring out how Obama’s announcement will impact their business and are making calculations as to how much it would cost to continue existing coverage, with Hirsig noting that “it’s just not something they can determine overnight.”
Unfortunately, getting the insurance coverage you need is not always as easy as simply filing a claim with your insurance provider. At Jessica Rutzick & Associates, our lawyers help people in Wyoming fight against insurance companies that are acting in bad faith, or failing to provide the proper coverage a claimant needs. Call us at (307) 733-8140 to talk with us if you are dealing with such a situation.