In yet another example of how Governor Scott Walker chooses corporations over Wisconsin citizens, today Insurance Commissioner Ted Nickel has asked the federal government to exempt Wisconsin from new rules to limit excessive health insurance industry profits.
New federal rules state that 80% of an individual’s premium must go toward actual health care services. If an insurance company does not comply, it must provide a rebate to its enrollees.
The timing of the Walker Administration’s waiver request could indicate that there are insurance companies currently in violation of the 80% standard and they are trying to get out of paying those rebates back to enrollees.
“Commissioner Nickel has asked that health insurance companies continue to profit while people in Wisconsin continue to struggle to pay for health insurance, and that’s just wrong,” said Erpenbach.