Navigation Links
BestHealthcareRates.com Reports Highest Cancellation Rate of Employee Benefit Plans in More Than Two Decades
Date:3/30/2009

Small businesses are canceling their employer group health plans at a rate not seen in more than twenty years, creating a spike in individual and family health insurance enrollments. Affordable medical insurance for small business is being called a top priority at a joint press conference with the National Federation of Independent Business and (NFIB) and America's Health Insurance Plans (AHIP).

Arroyo Grande, CA (PRWEB) March 30, 2009 -- Small businesses desperately looking for ways to reduce operating costs are canceling their employer group health plans at a rate not seen in more than twenty years, creating a spike in individual and family health insurance enrollments.

"Insurance companies offering individual medical coverage cannot hire and train new employees fast enough to keep up with the recent spike in private health insurance enrollments", said Tom Carolan, Director of Client Services for BestHealthcareRates.com, a health insurance information website based in Arroyo Grande, California. Carolan continued, "the plight of the individual health insurance market is the focus of much media attention, but it is vitally important to economic recovery that small businesses get help".

As the nation is engaged in overall health care reform, a focus on making sure small businesses are able to receive affordable medical insurance is being called a top priority at a joint press conference with the National Federation of Independent Business and (NFIB) and America's Health Insurance Plans (AHIP).

On the accessibility of affordable health coverage, Dan Danner, the CEO and president of the NFIB, stated his thoughts on the importance of this matter: "We must work together to pursue creative, private market solutions to what has become an unsustainable problem for small businesses - increasing small group health insurance costs." He continued by adding, "It is imperative that insurance market reform - specifically in the individual health and small group health insurance markets - leads to greater access to larger pools, increased portability and competitive choices."

The AHIP conducted a nationwide tour of the United States to get opinions and stories directly from the American people in regards to their experiences with health care institutions. The people with whom they talked to were also asked for their ideas for health care reform. During their conference the AHIIP released their findings to the joint committee.

In 2008:

  • Small group health insurance premiums averaged $913 per month for family medical plans and $346 for individual medical coverage.
  • Health insurance premiums ranged from as low as $198 a month in Washington to $504 a month in Alaska.
  • Companies with more employees generally paid less than companies with fewer employees.
  • Forty-one percent of businesses had an HMO plan, 50% had a PPO and only 7% were enrolled in heath savings plans in 2008.

AHIP released a statement highlighting the specific needs and obstacles faced by small businesses, calling policymakers' attention to difficulties faced by small businesses. The organization recently launched the "Campaign for an American Solution", a new national grassroots and educational initiative to build support for workable health care reform based on core principles shared by the American people: coverage, affordability, quality, value, choice and portability.

In a letter to key Senators last week, AHIP and the Blue Cross and Blue Shield Association offered to curb its practice of charging higher premiums to people with a history of medical problems. The offer from AHIP and the Blue Cross and Blue Shield Association is a potentially significant shift in the debate over overhauling the nation's health care system to rein in costs and cover an estimated 48 million uninsured people. In the letter, the two insurance industry groups said their members are willing to "phase out the practice of varying premiums based on health status in the individual health insurance market" if all Americans are required to get health insurance coverage.

"The offer here is to transition away from risk rating, which is one of the things that makes life hell for real people," said health economist Len Nichols of the New America Foundation public policy center. "They have never in their history offered to give up risk rating."

"This letter demonstrates that insurance companies are open to major insurance reform and are even willing to accept broad consumer protections," said Sen. Jeff Bingaman, D-N.M., a moderate who could help bridge differences on a health care overhaul. "It represents a major shift from where the industry was in the 1990s during the last major health care debate."

AHIP has published its proposal for health care reform to make medical insurance affordable, and they state: The U.S. could reduce total health care spending and improve the quality of patient care if the plan proposed today by America's Health Insurance Plans (AHIP) was implemented. PricewaterhouseCoopers reviewed AHIP's proposals and estimates, and concluded that if these proposals are fully implemented, the nation's total health care expenditures could be $145 billion lower than currently projected by the year 2015.

About BestHealthcareRates.com
Since 2001 BestHealthcareRates.com has helped thousands of families and businesses to find the most insurance benefits for their insurance budget. BestHealthcareRates.com, an insurance shopping and information website, provides free quotes & resources to consumers looking for an affordable medical plans. BestHealthcareRates.com hopes to increase consumer awareness of the hurdles which stand in the way of affordable medical insurance for every American. For more information, visit www.BestHealthcareRates.com or call Tom Carolan, Director of Client Services 1-877-812-5111.

###

Read the full story at http://www.prweb.com/releases/2009/03/prweb2275354.htm.


'/>"/>
Source: PRWeb
Copyright©2009 Vocus, Inc.
All rights reserved

Related medicine news :

1. New Study Reports High Injury Rates for Hotel Workers, Even Higher Rates for Women and Nonwhites
2. Haemacure Reports Third Quarter 2007 Results
3. First-Ever List of the 5,000 Fastest-Growing Businesses Reports Total Revenue of $194.5 Billion
4. Consumer Reports Analysis: Drugs for Nerve Pain, Fibromyalgia Effective, But Not Always Best
5. MDS Reports Third Quarter 2007 Results
6. Allied Healthcare Reports Strong Fourth Quarter, Flat Net Income for Fiscal 2007 vs. 2006
7. AtriCure Reports First Human Implant of the Cosgrove-Gillinov Left Atrial Appendage Occlusion System
8. NMHC Reports Fourth Quarter and Fiscal Year 2007 Financial Results
9. Blue Cross and Blue Shield of Florida Reports Eighteenth Consecutive Year of Positive Performance
10. ReBuilder Medical Technologies, Inc. Reports International Sales Expansion
11. AdCare Health Systems, Inc. Reports Discontinuation of Definitive Merger Agreement with Family Home Health Services, Inc.
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/13/2016)... ... February 13, 2016 , ... In its newly released Infusion ... technology should be used to ensure patient safety when placing an IV catheter. ... mandate the use of vein visualization technology in patients with difficult venous access ...
(Date:2/12/2016)... , ... February 12, 2016 , ... According to an ... are beginning to account for a significant portion of hernia repairs throughout the United ... the Beverly Hills Hernia Center notes that this trend has not only been expected, ...
(Date:2/12/2016)... ... February 12, 2016 , ... CDRH Enforcement Trends: , Back to the Future , Feb. ... , As Winston Churchill said, “Those who don’t learn from history are doomed to repeat ... when they come knocking this year. But that takes time. , Take a close ...
(Date:2/12/2016)... ... 12, 2016 , ... T.E.N., a technology and information security ... Southeast Awards 2016. Finalists and winners of the ISE® Awards for both Executive ... Awards Gala on March 15, 2016 at the Westin Peachtree Plaza, Atlanta. ...
(Date:2/12/2016)... ... February 12, 2016 , ... AssureVest Insurance Group, a locally ... a charity drive that will raise funds earmarked to purchase computers and software for ... School. , “My school is in a low-income area and has more than 60 ...
Breaking Medicine News(10 mins):
(Date:2/11/2016)... - Cardiac Marker Diagnostic ... and Cancer Therapy. - European Point of Care ... - Key Diagnostic Testing Markets. - Molecular ... Genetic Testing. - Molecular Diagnostics in Infectious Disease ... Diagnostic Products World Markets. - Point of Care ...
(Date:2/11/2016)... 2016 PRO-DEX, INC. (NasdaqCM: PDEX) today announced financial ... 2015. The Company also filed its Quarterly Report on Form ... the Securities and Exchange Commission today. --> ... --> --> Net sales for ... or 95%, to $5.4 million from $2.8 million for the ...
(Date:2/11/2016)... OAKLAND, Calif. , Feb. 11, 2016  Walgreens ... stores across 39 states and Washington, D.C. ... in a move that was commended by shareholder advocacy organization ... President at As You Sow. "Many people hold on to ... options, which can have tragic consequences." --> ...
Breaking Medicine Technology: