Mississippi Insurance Commissioner and Vicksburg resident Mike Chaney returned to the Neshoba County Fair Wednesday to address fairgoers as part of the day’s political speeches.
Chaney began his speech with a bid for re-election.
“To be clear, I am running and seeking reelection for your insurance commissioner and I am asking for your continued support and vote,” Chaney said.
Chaney has served four, four-year terms as the state insurance commissioner.
Chaney devoted much of his 10-minute speech to the ongoing dispute between the University of Mississippi Medical Center and Blue Cross & Blue Shield of Mississippi. The dispute has left many Mississippi residents, some of whom are in need of critical care like organ transplants, uninsured and without access to local healthcare.
“I do not regulate large group health insurance rates and I have no authority to regulate medical healthcare costs or drug costs except for balanced billing issues,” he said. “The federal government has refused to control drug costs and has done very little to reign in healthcare costs, and this is basically the root of the problem between the UMMC and Blue Cross & Blue Shield (of Mississippi).”
Chaney said he was not happy with either party’s effort to resolve the dispute.
“I have appointed a mediator to work with all the parties. This is a very complex issue that centers on money and forgets about access to immediate healthcare for patients. … UMMC says they should be paid more for these services. Blue Cross says rates will go up if they get the higher reimbursement rate that UMMC wants.
“These are valid concerns, but the UMMC can ask for a lower increase in their payments, and Blue Cross & Blue Shield (of Mississippi) is certainly able to pay more than they are paying now without raising rates to policyholders,” he added.
Chaney warned of where healthcare could go in the future if the dispute is not resolved.
“We all know that the only thing that keeps insurance rates and health care costs in check are networks,” he continued. “Without networks healthcare providers like the university medical center can charge any price they want to treat patients, which they are doing now. I pray that this is not the future way of healthcare of telling patients to pay what healthcare providers demand or whatever else they want for medical care, even if it happens to be hundreds of thousands away — because that is where they will have to go if they are told they will not take their insurance.
“What we are headed for, folks, is socialized medicine if we are not careful,” he said. “As I stand at this podium today, I am calling on both the university medical center and Blue Cross & Blue Shield of Mississippi to act responsibly and immediately settle this dispute and put patient care as a top priority.”
Outside of health insurance and hurricanes, Chaney said the big issue during the next session will be pet insurance.
“Don’t laugh — it’s really serious,” he said. “People love their pets, sometimes they love their pets more than they do people.”
Chaney, who is chair of the Property Casualty Committee for the National Insurance Association of Commissioners, said they have been working on legislation to clearly state who can sell pet insurance policies. Because pets are considered property and they fall under property and casualty and not under health care, so far pet insurance has been sold by property and casualty providers.
“We’ll probably have legislation this session that will clarify that people that sell supplemental health care products can also sell pet insurance,” he said.
About Catherine Hadaway
Catherine Hadaway, as The Vicksburg Post’s publisher, oversees the business operations of the newspaper. She is a native of Tuscaloosa, Ala. and she is a graduate of Rhodes College in Memphis where she earned bachelor’s degrees in Business and Religion. She is a Director of Boone Newspapers, Inc., the family company that owns The Post. Catherine comes from a long line of newspaper publishers, starting with her grandfather de ella, Buford Boone, who served as publisher of The Tuscaloosa News and earned journalism’s highest honor when he won the Pulitzer Prize in 1957 for his editorial titled “What a Price for Peace.” Catherine is a member of The Rotary Club of Vicksburg, Junior Auxiliary of Vicksburg, The Heritage Guild, The Sampler Antique Club and The Vicksburg Warren County Chamber of Commerce Board of Directors Executive Committee.
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