Wednesday, January 18, 2017
OKLAHOMA CITY – Oklahoma Insurance Commissioner John D. Doak is offering innovative ideas on health insurance to national leaders. Doak responded today to a request from U.S. House Majority Leader Kevin McCarthy asking for recommendations as lawmakers move forward with the repeal of the Affordable Care Act.
“If the Affordable Care Act is repealed, we should take this as an opportunity to do something different, something that works,” Doak said. “Unlike other lines of insurance, the hands of the health insurance industry have been tied by the law, unable to grow and innovate. Now is the time to open the market to see what can be done to provide greater access to affordable health insurance for everyone.”
One of Doak’s suggestions to House Leader McCarthy includes examining the use of microinsurance. This type of insurance focuses on the low-income population and has been successful in countries like India. Doak included research from David M. Dror, Chairman of the Micro Insurance Academy, on how microinsurance could work in the United States.
Other ideas from Doak include:
The Oklahoma Insurance Department and Commissioner Doak will be holding town hall meetings throughout the state to talk with Oklahomans about healthcare reform. The dates and locations of those meetings will be announced at a later date.
You can see the letter Commissioner Doak sent to House Majority Leader McCarthy by clicking here.
About the Oklahoma Insurance Department
The Oklahoma Insurance Department, an agency of the State of Oklahoma, is responsible for the education and protection of the insurance-buying public and for oversight of the insurance industry in the state.
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For more information, contact:
Kelly Dexter
405-522-0683
Kelly.Dexter@oid.ok.gov