Over the years, many have suggested that permitting the sale of health insurance across state lines will make coverage more affordable and available to a greater number of people. A Fact Sheet from National Association of Insurance Commissioners and The Center for Insurance Policy and Research distills the facts and fiction of allowing interstate sale of health insurance.
The bottom line – interstate health insurance sales ultimately would allow insurance companies to choose their regulators, which would make insurance less available and insurers less accountable to consumers.
New York has worked very hard to regulate health insurance to protect consumers. Interstate health insurance sales would remove the authority of state regulators and hurt New Yorkers.
You view the full Fact Sheet here.
Under the Affordable Care Act (ACA), 20 million Americans have enrolled in health insurance, and the uninsured rate has sunk to the lowest level on record. In New York, our ACA marketplace, the New York State of Health, has enrolled more than 2.8 million New Yorkers into high quality affordable coverage. New York’s uninsurance rate was cut in half between 2013 and 2015.
The ACA provides free coverage or subsidized coverage to the vast majority of New Yorkers obtaining coverage on the NY State of Health marketplace. The new Essential Plan provides free or low-cost coverage to almost 600,000 New Yorkers. The ACA also makes insurance work better for consumers. The extensive list of consumer protections it offers includes: preventive care with no cost-sharing; an end to lifetime and annual limits; a prohibition on discrimination in health care; and no more denials or delays of coverage because of pre-existing conditions.
HCFANY knows that many consumers woke up this morning worrying about whether they will lose the coverage they count on because of threats to repeal the ACA.
HCFANY calls on our elected leaders to assuage their fears and act as soon as practicable to maintain the advances in coverage that New Yorkers have received since the ACA was enacted. New York has always been a leader on health coverage issues. We look to the leadership of New York State to continue to find ways to provide quality, affordable coverage for all New Yorkers.