The Vermont Department of Banking, Insurance, Securities and Health Care Administration is no longer the Vermont Department of Banking, Insurance, Securities and Health Care Administration, so we won’t have to read more sentences like this that say Vermont Department of Banking, Insurance, Securities and Health Care Administration three times.
The department, commonly referred to as BISHCA, got a name change this week.
Shumlin gave the new name a test drive when he acknowledged “the good work of the Department of Financial Regulation” during a Statehouse press conference Wednesday where a program in financial literacy was announced.
“Some of you may have never heard of the Department of Financial Regulation, but I signed a bill yesterday creating it,” Shumlin said.
The bill was a BISCHA “housekeeping bill.”
The name change is a sign of the times and reflects the health care reform effort Shumlin and the Legislature launched last year.
Some of the health care regulators at the department formerly known as BISHCA now work for the Green Mountain Care Board, which was a creation of last year’s “single-payer” law, Act 48, said Tom Candon, the deputy commissioner of the Department of Financial Regulation.