NAIC To Congress: Let Us Oversee MA Marketing

State insurance commissioners are asking Congress to amend federal law that gave CMS authority to regulate the marketing of Medicare Advantage plans and hand that power to the states, which, they argue, are better equipped to conduct needed oversight. “[A]s state insurance regulators, we are finding an increase in complaints from seniors about confusing, misleading, and potentially deceptive advertising and marketing of these plans,” the National Association of Insurance Commissioners (NAIC) wrote in a May 5 letter to House and...