SEARCH FOR Health Insurance Agents
Plan Type:
Your State:
Find Agents

NY Works To Make Health Insurance More Affordable

New York legislators are looking at ways to make health insurance more affordable by requiring health insurance carriers to secure state approval prior to increasing premiums. Currently the companies have pretty broad discretion when it comes to raising rates and don’t have to involve the state in the process. It had been hoped that the companies would police themselves, but instead the prices have risen so high it is driving many New Yorkers out of their coverages. Unfortunately, critics point out problems inherent in the bill. While the measure would control premiums, it would not control the factors which drive up premiums to begin with, such as provider and hospital costs. Without addressing these underlying issues, the solution would not last. What are your thoughts?

This entry was posted on Friday, May 15th, 2009 at 2:21 pm and is filed under Health Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply