Navigation Links
Double-Digit Rate Increases Expected Under Mass. Mandatory Health Law; 5% Cap on Rate Hikes Proposed
Date:12/11/2007

California Labor Poised to Sell Out Consumers with Unaffordable Mandate

SANTA MONICA, Calif., Dec. 11 /PRNewswire-USNewswire/ -- Massachusetts insurance premiums expected to rise as much as 14% have led a state panel to propose a 5% cap on rate increases for state-sold health plans. The vote came less than a month before every citizen of Massachusetts is required to purchase health insurance or pay penalties that increase monthly, and as California politicians and labor are rumored to be close to making a similar deal.

Developments in both states cast a shadow over whether mandatory purchase of health insurance can ever succeed in America, said the Foundation for Taxpayer and Consumer Rights (FTCR).

The Massachusetts board overseeing the mandatory purchase law will also discuss shifting more costs to low-income consumers by doubling or tripling co-pays for state-subsidized health insurance plans at a meeting on Thursday.

A plan by California Assembly Speaker Nunez and Governor Schwarzenegger to require all Californians to purchase private health insurance may have less affordability protections for consumers than Massachusetts, if rumors about the deal are true.

California labor organizations are expected to meet Wednesday morning to consider a deal that would eliminate any guarantees of affordability for consumers, including out of pocket maximums or exemptions from the mandate. SEIU leader Andy Stern has reportedly cut a deal with Governor Schwarzenegger that he is trying to force all of labor to accept, despite inadequate protections for patients outside the labor movement. The deal is said to include higher employer contributions and to reserve the right to veto benefit reductions for unionized workplaces.

"It's outrageous that California lawmakers are closing their eyes to the fact that Massachusetts is burdened with out-of-control costs in a program that is just six months old. Massachusetts' experience shows that higher premiums and eroding benefits are certain under an insurance mandate that does not require health insurers, or the rest of the medical industry, to open their books and justify costs," said Carmen Balber with the nonprofit Foundation for Taxpayer and Consumer Rights (FTCR).

Massachusetts Senate President Therese Murray has proposed requiring all insurers to attend a public hearing and justify premium increases above 7%, and the panel overseeing the health care law voted last week to require insurers to submit explanations if premiums for the state-sold plans exceed the proposed 5% cap. Even the Massachusetts Association of Health Plans, representing many of the state's insurers, has proposed public hearings on insurance premium increases. Nevertheless, none of the proposals would give regulators the power to deny rate hikes found to be excessive.


'/>"/>
SOURCE Foundation for Taxpayer and Consumer Rights
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Guardians Dental Network Experiences Double-Digit Growth
2. FinCor Holdings Posts Double-Digit Increases in Revenue and Net Income for Third Quarter
3. Prophylactic cranial irradiation in small cell lung cancer significantly increases survival
4. Fat on chest and upper back increases risk of insulin resistance
5. Handling Stress Properly Increases Good Cholesterol
6. High alcohol consumption increases stroke risk among Chinese men
7. High alcohol consumption increases stroke risk, Tulane study says
8. Genetic predisposition increases childhood asthma risk
9. Smoking increases risks for head and neck cancers for men and women
10. Passive smoking increases sleep disturbance among pregnant women
11. Frequent alcohol consumption increases cancer risk in older women
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/26/2016)... ... ... Despite last week’s media reports hinting at a June rate hike after the Federal ... an interest rate increase, according to Rajeev Dhawan of the Economic Forecasting Center at ... Committee (FOMC) dot charts are of interest to the press for their noise potential,” ...
(Date:5/26/2016)... Missouri (PRWEB) , ... May 26, 2016 , ... ... quality and clinical outcomes, hosted members and suppliers for its inaugural Member Conference ... focus on their mission of elevating the operational health of America’s healthcare providers. ...
(Date:5/26/2016)... ... , ... The Woodlands at John Knox Village , Florida’s first Life ... living and healing, celebrated its grand opening, today. The Woodlands at John Knox Village ... Empowered Staff. , “This is an incredibly fulfilling time for John Knox Village as ...
(Date:5/26/2016)... ... 2016 , ... Catalent Pharma Solutions, the leading global provider ... global clinical supply services, today announced two key appointments and the opening of ... strategic growth plans in the Asia Pacific region. , Howard Kim has joined ...
(Date:5/26/2016)... ... May 26, 2016 , ... Memorial Day Weekend marks the unofficial ... is sharing tips to make sure your family and vehicle are ready to ... Council, there may be 439 deaths and an additional 50,500 serious injuries from motor ...
Breaking Medicine News(10 mins):
(Date:5/26/2016)... -- A key trend that will boost ... new treatments. Cardax, a development stage life sciences company, ... is expected to fulfil large unmet medical needs in ... to develop new treatments for osteoarthritis. One such study ... osteoarthritis are being investigated, and early trials of stem-cell ...
(Date:5/26/2016)... May 26, 2016 Since its ... into an essential life science tool for conducting genetic ... BCC Research reveals in its new report that the ... phase, one powered by a range of new applications ...      (Logo: http://photos.prnewswire.com/prnh/20140723/694805 ) , ...
(Date:5/25/2016)... , Deutschland und GERMANTOWN, Maryland ... Zusammenarbeit mit Therawis bedient dringenden ... Brustkrebs   QIAGEN N.V. (NASDAQ: ... heute bekannt, eine Lizenz- und Entwicklungsvereinbarung mit Therawis ... für die Onkologie eingegangen zu sein. Ein erstes ...
Breaking Medicine Technology: