State Mandates & Health Insurance: Find out what you're paying for (and don't need), page 1
Pages:
ATS Members have flagged this thread 1 times
ATS Members have flagged this thread 1 times
Topic started on 5-8-2009 @ 06:52 PM by TheAssociate
I found this pretty interesting. The author outlines how state mandates are one of the major factors in the (sometimes) high cost of health
insurance.
Regulation of the insurance industry is driving up cost more than anything, don't be duped into believing that the "reform" currently being proposed is going to help anything.
TA
[edit on 5-8-2009 by TheAssociate]
[edit on 5-8-2009 by TheAssociate]
State mandates on health insurance are a major factor in the high cost of coverage. I did some research to find out what I'm paying for (and don't want or need):
State: Maryland
Cost of Coverage: about $500/month
Here are just a few of the dozens of things I'm paying for:
In-Vitro Fertilization - accounts for 3-5% of my premium
Morbid Obesity Treatment - accounts for 1-3% of my premium
Smoking Cessation - accounts for 1-3% of my premium
Well Child Care - accounts for 1-3% of my premium
Alcoholism/Substance Abuse - accounts for 1-3% of my premium
Hair Prosthesis - accounts for 1% of my premium
I'm not morbidly obese, I don't smoke, I don't have kids (nor am I looking to get pregnant any time soon, sorry mom!), and I'm pretty sure I don't need rehab.
If I tally it up, these items are responsible for up to 18% of my premium. That's almost $100/month I'm paying for coverage I absolutely do not want or need.
I also learned that there are nearly 2,133 mandates like these, which are responsible for group health insurance premium increases of 20 to 50 percent.
source
J.P. Wieske, director of state affairs for the Council for Affordable Health Insurance (CAHI), says "For state legislators, [mandates are] used as a special interest tool to reward lobbyists with a specific mandate and let someone else pay for it"
Regulation of the insurance industry is driving up cost more than anything, don't be duped into believing that the "reform" currently being proposed is going to help anything.
TA
[edit on 5-8-2009 by TheAssociate]
[edit on 5-8-2009 by TheAssociate]
Pages: ^^TOP^^
Update...Canada Couple Wins Right To Grow Vegetables On Front Lawn...Case Closed!
Posted 16 days ago with 25 member flags
Posted 16 days ago with 25 member flags
We argue about Healthcare, meanwhile, the Elephant laughs (pls read!)
Posted 13 days ago with 25 member flags
Posted 13 days ago with 25 member flags
A new country in North America? What do Canadians and Americans make of this?
Posted 9 days ago with 22 member flags
Posted 9 days ago with 22 member flags
The Above Top Secret Web sites are a
wholly owned social content community of
The Above Network, LLC.
This content community relies on
user-generated content from our member contributors.
The opinions of our members are not those of site ownership
who maintains strict editorial agnosticism and simply provides
a collaborative venue for free expression.
ATS Server: www2.theabovenetwork.com
Header data: 0.002 seconds
Page processed in: 0.034 seconds
wholly owned social content community of
The Above Network, LLC.
This content community relies on
user-generated content from our member contributors.
The opinions of our members are not those of site ownership
who maintains strict editorial agnosticism and simply provides
a collaborative venue for free expression.
ATS Server: www2.theabovenetwork.com
Header data: 0.002 seconds
Page processed in: 0.034 seconds
