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:1/23/2017)... Pass, OR (PRWEB) , ... January 23, 2017 , ... ... took to the air to educate listeners about the benefits of making new water ... the U.S.,” Kleyne said, “it’s appropriate that we expect water infrastructure to become a ...
(Date:1/23/2017)... ... January 23, 2017 , ... ... earned organic certification under the USDA National Organic Program (NOP) for its Portland ... we have established organic production and handling systems to complement our current rigorous ...
(Date:1/23/2017)... ... ... at the Mill”: a story of love and redemption, hope and uncertainty as a ... , “The Inn at the Mill” is the creation of published author, Lois Kulp, ... now living in Berks County on Crow Hill. The inn, the mill and ...
(Date:1/23/2017)... ... , ... Valentine’s Day is a time when many people celebrate romance and love by giving ... looking for the ideal present, Atlanta-based Perimeter Plastic Surgery is offering a Valentine’s ... spend $200 and get $50 free. , “A lot of people just buy the ...
(Date:1/21/2017)... ... January 21, 2017 , ... Caronlab Australia, an Australian company ... ECRM Trade Show in Hilton Head, SC, where it benefited from outstanding meetings with ... of its beauty and wellness products. At this trade show, the company had the ...
Breaking Medicine News(10 mins):
(Date:1/23/2017)... -- Ahead of today,s trading session, Stock-Callers.com draws investors, ... at the close: Kite Pharma Inc. (NASDAQ: KITE ), ... and Regeneron Pharmaceuticals Inc. (NASDAQ: REGN ). According to ... Friday, January 20 th , 2017, down on the day by ... stocks now at: ...
(Date:1/23/2017)... 2017 Longer life expectancy and rising healthcare expenditure ... for medical device technologies. BCC Research reveals in its new ... region, should see strong growth due to rising government healthcare ... Continue Reading ... ...
(Date:1/23/2017)... -- ResMed (NYSE: RMD ), BMC (Peking, ... Winter Haven, Florida ) gaben heute bekannt, dass ... globalen Rechtsstreitigkeiten zwischen den Parteien geeinigt haben. BMC und ... im Tausch gegen Lizenzgebühren an ResMed gestattet, und ResMed ... in Florida anhängige Rechtsverfahren zwischen ...
Breaking Medicine Technology: