For Immediate Release - May 26, 2011

Nation's Insurance Commissioners Promote Sound Insurance Regulation through Coordination with Congress

Massachusetts Commissioner Joseph G. Murphy discusses health care cost containment in Washington, D.C.

BOSTON - May 26, 2011 - The Patrick-Murray Administration's Commissioner of Insurance Joseph G. Murphy and fellow members of the National Association of Insurance Commissioners (NAIC) were in the nation's capital this week to confer with members of Congress about ongoing financial and health reform efforts.

More than 35 state insurance regulators gathered for the NAIC Washington Forum where they were briefed by Nancy-Ann DeParle, White House Deputy Chief of Staff and Steve Larsen, Deputy Director for Oversight, Office of Consumer Information and Insurance Oversight at Health and Human Services. Chair of the House Financial Services Committee Congressman Spencer Bachus (R-AL) and Senator Ben Nelson (D-NE) also addressed the regulators.

While at the forum, Commissioner Murphy met with Congressional leaders and fellow commissioners, discussing health-care reform. Murphy highlighted Massachusetts' role as the nation's leader in access to health care, with over 98 percent of all residents enrolled in health insurance, and talked about the Patrick-Murray Administration's continuing efforts to make health care as affordable as it is accessible in Massachusetts.

NAIC members spent two days meeting with their respective Congressional representatives to discuss the impact in the states from implementation of financial services and health reform. In addition, regulators urged their congressional delegates to consider long-term reauthorization of the National Flood Insurance Program.

"Meeting members of Congress in Washington, D.C. helps to reinforce the connection between actions at the federal level and the impact it has back home," Murphy said. "State regulators are the best resource to help Congress understand how we can work together to protect consumers and promote competitive insurance markets in Massachusetts."

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