When does insurance coverage stop?
The idea that insurance companies are now able to charge people higher rates for health coverage because they are insured by taxpayers is false, says the nation’s leading insurer, American Insurers.
Insurance companies now have a legal duty to act in the best interest of consumers, not to make profits, says American Insurances CEO and president Mike Fleischman.
“This is not true,” Fleischmann told reporters Wednesday.
“We’re not allowed to make money by charging a higher premium for an otherwise unaffordable policy.
We are allowed to act as if that’s the case.”
The American Medical Association is also questioning the concept that insurers have a duty to provide consumers with more coverage.
In a statement, the AMA said: “The AMA supports insurers offering consumers affordable coverage that provides coverage that meets their needs, but it is clear that insurers are now in a position to make more money off the backs of people with preexisting conditions.”
Insurers are required to offer the coverage that a person needs in order to be protected from being denied coverage for medical problems that could have been prevented, or that could be prevented if the patient had known their health problems would be covered.
“But Fleischmen says AmericanInsurers is acting in the interest of the American people, not profit.”
What we’re doing is providing the coverage they’re entitled to,” he said.”
Our position is that we’re not going to charge them higher premiums because we’re the ones providing the insurance.
We’re providing the benefits.
“Insurers have been offering health insurance to consumers for more than a decade, but the cost of the plans has grown sharply.
The average cost of a typical family policy is now more than $2,000 a year, up from less than $1,000 two years ago, according to data from the U.S. Department of Health and Human Services.
Americans have been paying premiums that are nearly double the rate they paid two years earlier.
But in some cases, the cost has soared.
According to the Kaiser Family Foundation, about a third of people who bought coverage last year were paying the same rate as they did two years before.
Many of those people were getting coverage through private plans.
But many of those plans were set up to pay premiums for people with pre-existing conditions, meaning they had pre-determined incomes that had gone up over the last few years.
But for people without pre-established incomes, the plans were often less generous, meaning premiums were lower.
The new rate increase has driven many consumers to look elsewhere for coverage, leaving some in the insurance market facing unaffordable premiums.
And many people who were already paying a higher price for health insurance have found they can’t afford the new rates.
This is the first time a major insurance company has gone to court to challenge the constitutionality of President Donald Trump’s health care law.