Health insurance cost more
Back to Denver residents will see the increased cost of insurance. Insurance companies are raising rates in Colorado and completed the sale of children policies only.
The Health Reform Law does not take effect until 2014, but some consumer-related rules come into force on Thursday, including:
- The elimination of lifetime limits on the amount insurance companies pay to meet the demands of policy.
- No more neglect of individuals, or cancellation of policies when a disease is expensive in large claims.
- No co-pays or other cost-sharing for preventive care, including immunizations or mammograms.
- Right to include children up to age 26 on family policy, whether or not dependent.
- No more negative policies for children with pre-existing conditions.
Although the White House had previously warned against the insurance
rate increase is justified, at least six major companies, including Anthem Aetna, Cigna and Humana, have said they no longer write individual policies for children not covered by their parents or other plans.
Insurance companies are blaming the mandates of the health reform in the proposed price hike, and some are raising the cost of individual policies to 27 percent. UnitedHealthcare has requested a 8.3 percent increase in plans for large groups, affecting over 71,000 people.
How, in any case, these price increases will be the effect? Will this cause to cancel your insurance, or with nothing?