Raising Women’s Voices

Fixing only the individual market? That’s not reform.

Posted in Uncategorized by raisingwomensvoices on June 3, 2009

An article from the New York Times yesterday discusses the need for reform in not just the individual market, but reform in the employer-based market as well. Many insurance companies in the industry are willing to make rating and pre-existing condition concessions in the individual market, but not necessarily for small employers. Some companies have stated that they need to be “relatively consistent” and that they are prepared to start making concessions in both markets, others have said that there doesn’t need to be a change in the small business market. They assert that these markets are well-regulated by the states. Considering the small business market is one of the most profitable for insurance companies, it makes sense they would say this.

However, small business owners say the system now is “designed to be expensive” and is unsustainable and in desperate need of reform. Over one half of the 50 million uninsured in this country work for small businesses or are self-employed. Without reform, these individuals wouldn’t get affordable coverage. They would continue to be subjected to age and health ratings, pre-existing condition exclusions, and high premiums. We can do better then that.

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