Vermonters have recently witnessed, once again, the annual battle over health insurance rate increases for individual and small business plans. It’s worth taking a long look at just what the state thinks it’s doing, and how it does it.
Average premiums for “benchmark” plans declined slightly (0.83%) in 2019, for the first time in the program’s history. The better news is that this overall decline was driven by seven states that obtained waivers to deviate from certain Obamacare mandates.
Associate professor and clinician-scientist Monica R. McLemore wrote in an op-ed that nurses who don’t want to provide abortions should not go into health care.
At what point will Vermonters wake up to the fact that allowing government involvement in health care is a very expensive mistake? It will probably be a while because ratepayers, I suspect, aren’t as angry with the politicians as they are with the insurance companies, and this isn’t really fair.
A new study based on data from the Healthcare Cost Institute found that Vermonters spend the 12th highest amount on heath care relative to residents of other states.
Under Medicare for All, the federal government would pay doctors at rates much lower than current private sector rates, Medicare official Seema Verma says.
The Green Mountain Care Board announced a double-digit increase in the state’s small-group health insurance rate for 2020, but the board’s chair says he doesn’t expect the hikes to repeat.
Some of President Donald Trump’s most vocal critics are praising the administration’s Safe Importation Action Plan, which brings in reduced-price generic drugs to compete with high priced name-brands.
Blue Cross and Blue Shield Vermont and MVP Health Care, who together share a monopoly on the health insurance industry in Vermont, are once again asking to raise health insurance rates on Vermonters.
Officials expect the plan will cover about 90,000 people and cost $98 million in its initial year to implement, The Associated Press reported.
The average family in the U.S. pays nearly $20,000 in 2018 on insurance premiums, deductibles and out-of-pockets costs, a new report produced by OpenTheBooks.com found. At the same time, salaries for administrators and executives at hospitals were as high as $21.6 million.