Oklahoma Insurance Department to return nearly $1M in federal funds

Oklahoma insurance commissioner rejects federal funding for review of insurance premiums.
by Don Mecoy Published: May 18, 2011
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Nearly $20,000 of the $1 million grant was obligated by the agency under previous Commissioner Kim Holland. That means the Insurance Department will return $980,018.98 to federal officials.

In a May 2 letter to the U.S. Office of Consumer Information and Insurance Oversight, Doak wrote, “Oklahomans have made it clear that we do not support the implementation of ObamaCare in our state. We are most able to address the health insurance needs of our citizens by using our own state resources. We will continue to conduct health insurance premium rate reviews via the use of state and private funds.”

Doak also urged Gov. Mary Fallin to sign SB 722, which would reaffirm Oklahoma's control over health care issues. Key provisions of the bill, by Sen. Clark Jolley, R-Edmond, and Rep. Glen Mulready, R-Tulsa, assert the authority of states to control the regulation of health care and creates a health care compact for the states. Doak first endorsed the bill in March. Fallin has until Wednesday to act on the measure.

by Don Mecoy
Business Editor
Business Editor Don Mecoy has covered business news for more than a decade after earlier working on The Oklahoman's city, state and metro news desks, including a stint as city editor. He has won state and regional journalism awards for business,...
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