NAIC Has Prior Ties with Insurance Industry

naicIt is quite baffling how sometimes government tries to trick the same people who have elected it. Exposing the other side of the National Association of Insurance Commissioners (NAIC), it has been now unveiled that the majority of the delegates who are set to take decision on the health insurance have tie-ups with the insurance giants.

That clearly means that for their own selfish purposes, they will issue one more biased decision in favor of the already flourishing insurers, thereby adding to the agony of the common people under financial crisis.

It has been unveiled by an independent analysis agency that as many as 24 state insurance commissioners who are part of the National Association of Insurance Commissioners have served the insurance industry before and have worked with some well-known names in the past.

Following this, it has been strongly advocated that NAIC should bar such representatives from taking the decision as there are strong possibilities that lobbying will take place and every possible favor will be given to the former colleagues of the decision-takers.

Carmen Balber, Washington Director for Consumer Watchdog, stated: “The insurance commissioner holds the state’s top consumer protection job, with enormous impact on the price of consumers’ health insurance. Commissioners shouldn’t be regulating former employers or campaign supporters”.