ST Medical Monday: Discussing the Affordable Care Act with Mike Rhoads of the State Insurance Dept.
On this edition of StudioTulsa Medical Monday, we run a status check, so to speak, on the Affordable Care Act, both here in our state and nationwide. The ACA, or "Obamacare," which became law in 2010 -- and which really started to take effect in 2014 -- will hold its fourth cycle of "open enrollment" in November. "Open enrollment" is when participants think about renewing their health insurance, making changes to their coverage, and/or buying such coverage for the first time. But there have been some drastic changes to the health-insurance marketplace lately -- such as the recent news that industry giant Aetna is pulling out of 11 of the 15 Obamacare exchanges for 2017 -- and so the forthcoming "open enrollment" period might prove especially vexing. Our guest on today's show sheds some light on such matters; we are joined by Mike Rhoads, the Health and Life Insurance Deputy Commissioner at the State of Oklahoma's Insurance Department. He's an insurance and banking executive with 30+ years of combined experience in those industries, and he retired from Blue Cross Blue Shield of Oklahoma in 2008 after serving that company in a range of capacities for 25 years.