Wednesday, March 25, 2009

Health Insurers Willing to Cut Down Pre-Existing Premiums

Making deals with Congress

health_insuranceWhen Congress asked the health insurance industry if it would stop charging higher premiums to customers with pre-existing conditions, it said “sure.”

So maybe it wasn’t quite so simple, but that is what it boiled down to.

Comprehensive health insurance

Congress is examining how it can create a plan that will provide health insurance to all Americans. The health insurance industry is willing to negotiate, as  it is staunchly opposed to the creation of a government-run program.

Congress is willing to work with the health insurance companies rather than jump into nationalized health care.

Tighter regulation

Insurers also said they could accept more regulation of benefits, underwriting practices and other activities. What’s in it for them? If they are willing to comply with the regulations, it would make a public program unnecessary.

A government-run program would directly compete with private health insurance companies. That could send private insurers running for installment loans to keep their businesses afloat.

Pre-existing policies

It’s an age-old health insurance industry policy to charge higher premiums for people who have a history of sickness or a pre-existing condition. This new agreement means that health insurance companies could no longer take into account a person’s current health condition or medical history. Essentially, health insurance premiums would become equal opportunity. ... click here to read the rest of the article titled "Health Insurers Willing to Cut Down Pre-Existing Premiums"

1 comment:

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