OKLAHOMA CITY -- The federal government has informed Oklahoma Insurance Commissioner John Doak that it intends to take over swaths of insurance regulation in the state to ensure compliance with the Affordable Care Act – commonly known as “Obamacare.” The federal Centers for Medicare and Medicaid Services is notifying insurers in Oklahoma that it will handle enforcement of the ACA. In a March 15 letter to Doak, the agency notified the Insurance Department of its responsibility to enforce the ACA in Oklahoma because the state has declined to do so. Should Oklahoma enact“market reform requirements,” according to the letter, the...
