Health Care Reform 101: It’s Time You (not your insurance company) had Control over Your Health Insurance.
In the past ten years, your family’s health insurance bill has doubled. And if nothing is done to rein in the industry, your premiums will double again in another ten years.
Did your salary double during the past decade – will it during the next?
We have the power to force health costs down if we get real oversight of insurance companies and allow competition to flourish. The leading health bill does just that.
For the first time ever, all insurance companies would have to:
- Spend at least 85% of your premium on health care (at least 80% if you buy an individual policy or get your plan from a small employer), or rebate you the difference.
- Openly compete against each other for your business based on better care and price – not just avoiding sick people. (In a health care exchange)
- List what they charge, and what they cover, so you can easily comparison shop.
- Be upfront about how they’ll treat you, by describing their policies in plain language and clearly explaining your rights.
Unfortunately, we know the industry will not take these reforms lying down. Leading insurance companies are terrified these controls will reduce their greedy profits, and are spending millions of dollars lobbying Congress and running misleading advertisements.
But today we are closer than ever. As I write this, President Obama is leading a half-day summit to discuss health reform legislation. While lawmakers in Washington engage in one more discussion, let’s send them a clear message: Stop talking and start acting, we want health reform NOW.
Sign the petition: Tell Lawmakers you want health reform NOW.
Photo courtesy of ProgressOhio on Flikr.
Written by Susan Herold. Senior Web Editor, Consumers Union.