Iowa Insurance Commissioner Doug Ommen has submitted his plan to the federal government that he says will help those who are being left out by the state’s collapsing individual health insurance market.
The “stopgap” plan he proposes redirects federal subsidies under the Affordable Care Act to encourage younger, healthier people to buy insurance. Iowa is down to one company that plans to offer individual insurance plans and Ommen says some people are facing premium increases that would double. He was asked about the concerns of some have raised about high deductibles under his plan.
Ommen first proposed the stopgap plan in June and the Iowa Insurance Division has been working with federal officials to finalize the proposal.
