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Nevada Insurance Commissioner Scott Kipper announced last Wednesday that health insurance policies that do not comply with the Affordable Care Act can't be extended for another year. President Obama urged the companies and state insurance regulators to allow those policies to be renewed for one more year. Generally, the policies that did not comply with the Affordable Care Act were policies with high deductibles, lower premiums and limited coverage - at least less coverage than the minimum required by the Affordable Care Act. So why did the Nevada Insurance Commissioner nix those policies? And what will it mean for health insurance next year?
Scott Kipper, Nevada Insurance Commissioner