February 15, 2018
Statement by New York Financial Services Superintendent Maria T. Vullo Regarding Idaho's Actions to Undermine the Affordable Care Act
The Affordable Care Act guarantees comprehensive health care to all Americans. This premise of protecting every American, and not discriminating on the basis of preexisting condition, age or gender, is a fundamental tenet that we fully endorse and implement in New York's market. The sale of "skimpy" plans not only violates federal law, it violates our pledge as state regulators to protect our markets so that we provide essential health benefits to everyone and not permit the destabilizing effects of adverse selection, cherry picking of risk, and a race to the bottom in consumer protection. The federal government must enforce the law against Idaho's blatant violation of the ACA, and I also call on all insurers to speak out against this radical political move that puts politics and profit above consumers.