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Professional Insurance Agents’ Statement on Executive Order Intended to Ease Restrictions on Health Insurance Sales

WASHINGTON — The National Association of Professional Insurance Agents is expressing caution about today’s signing of an Executive Order calling for expanded access to “association health plans,” which could offer less expensive health insurance with less coverage...
October 12, 2017

WASHINGTON — The National Association of Professional Insurance Agents (PIA) is expressing caution about today’s signing of an Executive Order calling for expanded access to “association health plans,” which could offer less expensive health insurance with less coverage.

PIA is still reviewing the language of the Executive Order; it remains unclear what, if any, effect it will have on the Affordable Care Act’s individual markets.

“Creating a new framework for health insurance policies that could be subject to less regulation has the potential to destabilize existing individual health insurance markets,” said Lauren Pachman, PIA counsel and director of regulatory affairs. “Insurance is based on the pooling of risk. Creating duplicative individual health insurance marketplaces could lead to failure for both.”

PIA plans to work with the Treasury, Labor, and Health and Human Services departments as they develop guidance on this Executive Order to ensure that its implementation does not undermine consumer protections or the state regulation of insurance.

Founded in 1931, PIA is a national trade association that represents member insurance agents and their employees who sell and service all kinds of insurance but specialize in coverage of automobiles, homes and businesses. PIA members are Local Agents Serving Main Street America SM.PIA’s web address is www.pianet.com.

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