Nick Gerhart, the Iowa insurance commissioner, willbe leaving that post Dec. 23, according to theIowa Insurance Division.
|Doug Ommen, deputy commissioner, will be the interimcommissioner, officials say.
|Gerhart is resigning because his family is expecting a fourthchild, and he has not committed to any other future job, arepresentative said.
|Gerhart has a bachelor's degree from the University of NorthernIowa and a law degree from St. Louis University. He worked incompliance for insurance companies before becoming the Iowacommissioner.
|While serving as the Iowa commissioner, Gerhart expressedconcerns about potentially misleading annuity advertising andoversaw the state's efforts to adapt to the Affordable Care Act.Iowa did not set up a state-based ACA public health insuranceexchange, but it did take ACA Medicaid expansion money.
|Iowa also helped managers of HealthCare.gov, the federal ACAexchange enrollment and exchange account administration system,promote the program.
|Gerhart faced an early sign of problems in major ACA coverageexpansion programs when CoOportunity, a nonprofit, member-ownedcarrier started with ACA Consumer Operated and Oriented Programstartup loans, failed suddenly in late 2014. CoOportunitywas the first CO-OP to fail. Since then, many others have shuttheir doors.
|Related:
|Are state insurance regulators overstepping theirmark?
||Want to continue reading?
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