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States continue to increase health insurance costs

MedSave Admin | April 3, 2009

Despite the health insurance affordability problems faced by most individuals and businesses, state governments continue to raise insurance costs through additional mandates. The tangled maze of state-specific insurance laws grows almost every month. Here are a few examples of measures that will increase costs:

Colorado rejected a proposal to expand eligibility of the states limited benefit (mini-med) insurance plan. One lawmaker was quoted as saying that she does not believe that mini-med insurance is better than no insurance at all.

Maryland is considering a change that would allow insures to consider the applicant's health in setting rates up to 50% higher for employer-provided group insurance.

Missouri is likely to pass a bill to require health plans to cover autism.

The Texas House Insurance Committee passed a bill that provides premium subsidies for low-income people for coverage through the state's high-risk pool. These subsidies would be financed by taxes on other commercial health plans. The Committee also approved mandates for prosthetic/artificial limbs, noninvasive screening tests for atherosclerosis and abnormal artery structure, and oral chemotherapy drugs.

Virginia is considering mandates that would require coverage for telemedicine, prosthetics and amino-acid-based formulas.

Apparently lawmakers are not convinced that affordability of insurance is our main concern rather than specific coverage provisions. MedSave.com believes that limited benefit insurance that is exempt from these state mandates represents our best hope of achieving universal coverage at an affordable price.

Tags : health care reform, health insurance mandates

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