Massachusetts Mandatory Health Insurance Begins to See Bloat

Massachusetts Mandatory Health Insurance Begins to See Bloat

16 March 2007 · No Comments

Via NERepublican, I encountered this article in the Boston Globe:

Massachusetts would become the first state in the nation to essentially require all insurers provide prescription drug coverage, under recommendations made to the board overseeing the state’s landmark health care law.[.]

Under the recommendations made Tuesday, which are expected to approved by the Commonwealth Health Insurance Connector board next week, individuals would be required to pay no more than $250 year on prescriptions, with insurers picking up the rest of the cost. The annual deductible for families would be $500.

The coverage would add an additional $15 to $20 to monthly premiums for the lowest cost plans, according to the recommendations.

Um, didn’t the bureaucrats have to go through a bit of a circus recently because the state-sponsored plans were going to require participants to pay too high a premium?

Considering that I spent a bit more than $7,000 on meds for my wife last year (and we have drug coverage, thankfully). that $250/year cap sounds pretty sweet.and pretty expensive to offer.

Tags: Insurance · ·