Veteran reporter David Ress, who actually enjoys plowing through hundreds of pages of insurance filings filled with phrases such as “actuarial value” and “anticipated loss revenue,” was in Richmond yesterday for a meeting of the State Corporation Commission’s Bureau of Insurance.
As Ress explains in his story today, the meeting offered a more detailed look at insurance plans to be offered through a federal marketplace, one of the key provisions of the new federal health care law.
The plans will offer subsidized rates for the uninsured with incomes between the federal poverty guideline and up to four times that level. But some people outside of that target group — for example, a young man lucky enough to have both good health and a healthy income — could see higher premiums as a result of the new system.
It’s all part of the Patient Protection and Affordable Care Act, which is the subject on an occasional series this year in The Roanoke Times.
The most recent installment examined the insurance marketplace, which was the subject of yesterday’s meeting in Richmond.
The first installment, published in June, focused on the proposed expansion of Medicaid in Virginia.