Insurers Feel Time Crunch - KSFY News - Sioux Falls, SD News, Weather, Sports

Insurers Feel Time Crunch

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President Obama apologized to his own party, and to the public, for making false statements about Americans being able to keep their current insurance plans.

Thursday he announced, plans that were cancelled would be renewed for one year.

Ruth Krystopolski is the President of the Sanford Health Plan and she said, "We have a lot of work to do in a very short period of time."

She continued, "While it sounds real easy for the president to say we're not going to cancel policies, I don't think people understand the amount of regulatory work behind that to get the policies in place, and then the things that we're required to do under law to notify people."

Even though he hasn't asked her, she knows what she would do, "If the president asked me what I would do, I would say we should do a time-out and push off the effective date of the change until a minimum of January 2015 and maybe as far out as January 2016. To give the market time to develop the infrastructure, the website, the transaction standards and all of the things everybody needs to communicate with each other. So that when we bring something forward to the public, it's working and working well. That's what I would do if I was asked."

Krystopolski went on to say that in her 20 years in the insurance industry, there have been many changes, but she added there was usually more time to implement them.

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