Why NC Blue Cross doesn’t like the Senate health reform bill
From Robert Pear’s NYT story this morning:
The bill would establish stringent federal standards for an industry that, since its inception, has been regulated mainly by the states.
Under the bill, insurers could not deny coverage because of a person’s medical condition; could not charge higher premiums because of a person’s sex or health status; and could not rescind coverage when a person becomes sick or disabled. The government would, in effect, limit the profits of insurers by requiring them to spend at least 80 to 85 cents of every premium dollar on medical care.
The specificity of federal standards is illustrated by one section of the bill, which requires insurers to issue a summary of benefits that “does not exceed four pages in length and does not include print smaller than 12-point font.”