Doak opposes $78 million insurance tax, calls on Commissioner Holland to do the same

 

TULSA (May 25, 2010) – Republican candidate for insurance commissioner John Doak today
called on Insurance Commissioner Kim Holland to oppose a new tax on insurance claims.
“I am disappointed the current insurance commissioner has not spoken out against this tax and
the damage it will do to Oklahoma families and businesses. I implore Commissioner Holland to
join me in urging Governor Henry to reject this bill for the sake of Oklahoma insurance
customers and our health care providers,” Doak said.
HB 2437 passed through the Oklahoma Legislature yesterday and is headed to the Governor’s
desk. The bill would install a 1 percent tax on health insurance claims paid in Oklahoma.
“I hope Commissioner Holland will use the power of her office to protect Oklahomans from this
irresponsible tax hike, which will increase our insurance costs and further impair the ability of
our state's health care providers to remain competitive and continue to do business in
Oklahoma,” Doak said.
Critics say HB 2437 will hurt insurance customers by reducing their claim payouts and
increasing their premiums. The insurance fee is part of a $6.7 billion budget agreement reached
Thursday by legislative leaders and the Democratic governor.
“If taxes continue on the limited number of health care providers we have they will be driven
from our state – to the detriment of Oklahoma’s consumers and economy,” Doak said.
The campaign headquarters of John Doak for Insurance Commissioner is located at 5840 S.
Memorial Drive in Tulsa. Visit www.votefordoak.com or call (918) 935-2010 for more
information.
Doak lives in Tulsa with his wife, Debby, and their two children, Zack and Kasey. He has spent
the majority of his adult life providing insurance options to Oklahomans. After graduating from
the University of Oklahoma, John began his career as an insurance agent for Farmer’s Insurance
in 1989 and rose to be an executive level leader in multiple insurance firms.
TULSA (May 25, 2010) – Republican candidate for insurance commissioner John Doak today called on Insurance Commissioner Kim Holland to oppose a new tax on insurance claims. “I am disappointed the current insurance commissioner has not spoken out against this tax and the damage it will do to Oklahoma families and businesses. I implore Commissioner Holland to join me in urging Governor Henry to reject this bill for the sake of Oklahoma insurancecustomers and our health care providers,” Doak said. HB 2437 passed through the Oklahoma Legislature yesterday and is headed to the Governor’s desk. The bill would install a 1 percent tax on health insurance claims paid in Oklahoma. “I hope Commissioner Holland will use the power of her office to protect Oklahomans from thisirresponsible tax hike, which will increase our insurance costs and further impair the ability of our state's health care providers to remain competitive and continue to do business inOklahoma,” Doak said. Critics say HB 2437 will hurt insurance customers by reducing their claim payouts andincreasing their premiums. The insurance fee is part of a $6.7 billion budget agreement reachedThursday by legislative leaders and the Democratic governor. “If taxes continue on the limited number of health care providers we have they will be drivenfrom our state – to the detriment of Oklahoma’s consumers and economy,” Doak said.The campaign headquarters of John Doak for Insurance Commissioner is located at 5840 S.Memorial Drive in Tulsa. Visit www.votefordoak.com or call Campaign Coordinator Jami Fichte at (918) 935-2010 or (405) 808-7363 for more information. Doak lives in Tulsa with his wife, Debby, and their two children, Zack and Kasey. He has spent the majority of his adult life providing insurance options to Oklahomans. After graduating fromthe University of Oklahoma, John began his career as an insurance agent for Farmer’s Insurancein 1989 and rose to be an executive level leader in multiple insurance firms.