Homework Question on Healthcare Paper On Health Insurance and Impact of EMTALA
- Review the Your Insurance Company & Costs of Coverage Enter your home state and surrounding states,(you may enter California or New York) and determine if any insurance companies are increasing their rates above the recommended threshold. Report your findings. 1 page, APA
- Impact of EMTALA: Explore the long-lasting impact of EMTALA as it relates to cost, quality, and access. Be sure to briefly explore the pros and cons of this piece of legislation. 2-3 pages, 2 or more sources, APA. I have included one resource at the bottom for this question that might be helpful, use additional resources too. Thank you very much.
Homework Answer on Healthcare Paper On Health Insurance and Impact of EMTALA
Health Insurance rates
The affordable care act requires insurance which are planning to increase their insurance rates to forward their plan premiums to the federal or state government to review before they are approved. The minimum insurance rates required by this law should not be more than 10%.This requirement is necessary to ensure all insurance companies are transparent and accountable. The review process incorporates experts who evaluate the rates and provide evidence that justifies them.
Approvals are only made if the rates are reasonable, and consumers commends suggest they are okay. Health insurance in the United States is seeking higher rates of 20% to 40% claiming that the set standard rate of 10% under the Affordable Care Act is too low to care for the health of citizens who are said to be sicker than expected.
One of the insurance company that is rising rates and seeking approval from the federal or state government is Blue Cross and Blue Shield Plans. The market leaders in many states of this insurances seek to be allowed to raise rates to an average of 23% in Illinois, 25% in North California, 54% in Minnesota, 36% and 31% in Tennessee and Oklahoma respectively. The rates were provided by the insurance executives during their discussions with the federal government and state insurance commissioners.