Insurance Commish Michael Chaney issued the following statement.
I am certainly disappointed in the Governor’s veto message for SB 2224 and SB 2622. Both of these bills are consumer-friendly bills that would benefit healthcare providers and consumers in our state. The Governor is sadly mistaken that SB 2224 would have affected Medicare and Medicaid plans as the Department of Insurance does not have jurisdiction over these plans and the bill did not expand that jurisdiction. Senate Bill 2224 would give the Department of Insurance the important tools necessary to ensure that Mississippians would continue to have access to quality healthcare at reasonable rates. As your Commissioner of Insurance, I have endeavored to protect the consumers in our state and, as long as I am your insurance commissioner, I will continue to protect consumers and healthcare providers and provide a level playing field for all insurance carriers in this state
36 comments:
I’ll go with Tate on this one.
I think Commissioner Chaney does a good job. I am surprised he would want to have regulatory authority to set rates, if I understood the Governor's statement on one bill. There are some very strict regulations already in place for some insurance segments. Again, if I understood correctly, this eliminates market forces. BTW, I do not work for an insurance company.
Such assurances ring a little hollow after the UMMC-BCBS debacle...
I have known Mike Chaney for many years and implicitly trust his judgement. I go with Chaney on this one.
If I ever wanted to buy a used car that had never been wrecked or rode hard and put up wet then for sure I'd expect the salesman to be just like Tate Reeves!
I agree with 1:29.
I've know Mike for years too. I like him a lot.
I know Tate a little and I don't care for him.
But I prefer to take policy on face value and leave personality out.
So count me in Tater's camp on this.
Mississippi Today did a good piece on the pile of cash bcbsms is sitting on. It seems these companies force regulation on themselves through their own greed.
https://mississippitoday.org/2022/04/25/blue-cross-is-sitting-on-a-huge-pile-of-money-in-some-states-consumers-would-get-it-back/
While I may trust Chaney, he won't be the Commissioner of Insurance forever. I fear too much power in one person's hands. Who knows, the next commissioner might be susceptible to payoffs, etc. (they are politicians, after all)
Tater-Tot is an air head.
I have no doubt that Mike Chaney is looking out for the insurance consumers of Mississippi!
Yeah, Chaney knocked the ball out of the park defusing the UMC BCBS imbroglio in record time and with little disruption.
I am in the insurance industry and like Chaney as a person, Fire Marshall, and overseer of personal lines insurance. As far as BCBS, he needs to nut up and tell them to pay for what they should or reduce their premiums. We have some of the highest health insurance premiums in the US, however, BCBS pays less here than anywhere. They are making hand over fist off of us and Chaney doesn't hold their feet to the fire. BCBS wags the dog and Chaney says yessir.
@1:29 PM - Mike, thanks for checking in.
@2:39 - good to see you Tater. Why do you hate Mississippians so much?
To many comments on here are short sighted. Just because you know and trust Chaney today doesn’t mean much. Who will be in that position next. Refer to Jackson mayor for appropriate level of fear.
Will side with Tate on this one. Chaney should had done more during the whole BCBS UMC debacle.
Maybe when Tate runs again, he will get the majority of the votes from his own town. Which I think he did not the last time. Please correct me if I am incorrect.
I vote for Tater over Blue Chaney Blue Shield.
Too much in campaign contributions from BCBS and other big insurance companies for Tate to let this legislation pass. He's bought and paid for.
We might have just had a Gut Check on Politics, Business is Business. Actions have consequences- I'm with Tate.
@1:29pm and @1:38pm You guys are why Mississippi is Mississippi at the bottom of everything. You side with a person (good ole' boy/girl) over sound policy. Inbreds in the 'Sip.
There are usually three sides to every story. In this case, Tate's, Mike's, and the truth. I'm 110% certain that each has the best interests of at least one Mississippian firmly in mind. Not the same ones of course but that is probably a minor detail that doesn't involve us common folk anyway. On the other hand, threads like this, here and otherwise, are often like watching people in the midst of being held up arguing with each other about who is handing over their wallets faster and more stylishly.
Chaney always wanted to be governor. The insurance commish gig went to his head years ago.
UMMC bended the knee folks, deal with it. Chaney had zero influence over the Blues.
I agree with the poster that said Chaney would be gone one day and you never know who takes that spot. It could have easily been John Mosely who we all know was running for the best interest of his body shop and price fixing and that's it. The next person may not give a care for health insurance. It's an electable position so there's not industry experience required.
Insurance-related issues, and especially those related to health insurance, have a long history of being fundamentally misunderstood by whoever is sitting in the Governor's Mansion. It goes all the way back to when the Affordable Care Act passed, which I doubt Governor Bryant knew was the actual name of "Obamacare." It was either the we (the State) gets to run our own insurance marketplace and take advantage of hundreds of millions in tax credits, or the Feds step in to run it and the State gets no tax credits. Bryant was too busy saying "I oppose Obamacare" to see that it didn't really matter because it was happening one way or another. Chaney knew this and tried to do what was best for the State by convincing Bryant to go with the State-run option, but Bryant held fast on pandering to the uneducated conservatives and we lost out on literal truck loads of credits.
But what does Chaney know, he's only been the Commissioner of Insurance for the past 15 years...
Mr. Chaney you are insurance company friendly. That is not the same as being patient friendly or even doctor friendly, though I'd argue your PRIMARY job is to see the those insured get the services needed at a fair price!
The comments on this are why the state is in the shape it is. I will side with so and so because I know him or this or that. Why not look up or try to figure out exactly what the legislation does? It passed the senate 52-0 and the house something like 100-5. It was good legislation with no business being vetoed.
I get tired of all the jabbering about being 50th in everything. Get Louisiana and Arkansas to annex the Delta and Mississippi will be 22 to 26 in every category. Thrown in Jackson and Mississippi might crack the Top 15.
"It passed the senate 52-0 and the house something like 100-5."
The question now becomes does anyone have the guts to override the veto.
I trust Chaney on this.
"It passed the senate 52-0 and the house something like 100-5."
Five out of 157 voting? Sounds like this could squeak through the over-ride process to me. If 97% of those voting favored the bill, let's have an over-ride.
There is no free market in Ms. health insurance. Blue Cross Blue "Shilled" is a monopoly with well over 90% of the market. Chaney is trying to give consumers a choice. Go Mike!
@12:59 you are right. Mississippi is at the bottom of many lists because of our citizens, not because of our government.
Blue Cross Blue Tate
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