Phase 3: Waves 2 & 3: working-age adults · Step 3.3

Wind down the private health insurers

Years 1–5 · State insurance commissioners; NAIC; UHADiscuss this step

← All tasks for this step

Task 3.3.6 of 6

Broker licenses for health insurance lapse; brokers may sell supplementary and other lines.

Who does it

State regulators

When

Year 4

Trade-off

Letting broker licenses lapse is clean but ends an occupation for tens of thousands of people.

Part of: Wind down the private health insurers

Insurers' UHP-duplicative business ends. They must process all claims for prior coverage (run-off), protect policyholders, and convert or close in an orderly way. The 'Net cost of insurance' line falls from $306.0B to $26.4B.

This step changes 4 existing laws, programs, or institutions. See the list.