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NAIC Statement on Risk Adjustment Payments

Statement from NAIC President and Tennessee Insurance Commissioner Julie Mix McPeak:

State regulators will be in contact with carriers to determine the potential impact a lengthy suspension of risk adjustment payments could have on solvency and premiums.  While there are still numerous unknowns, we are hopeful greater certainty can be found, and this issue can be resolved quickly – ideally before the August timeline for the 2017 payments – so there will be no need to adjust rates for 2019.  However, only time will tell.

About the NAIC

As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. For more information, visit www.naic.org.

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