Introduced
by
To require that health insurance companies writing policies for small companies and groups (between two and 50 employees) use a “rate band” pricing method, which prohibits policy prices from being based on criteria other than age, family composition, and geographic area. Price variations based on these factors are limited, so that the highest cost group cannot be more than 50 percent greater than the lowest cost group, depending on the criteria “Cherry picking,” by insurers, or only insuring the healthier members of a group, would be restricted by allowing an insurer to require that a reasonable number of a group’s members be included under a policy.
Referred to the Committee on Health Policy
Reported without amendment
With the recommendation that the substitute (H-3) be adopted and that the bill then pass.
Referred to the Committee on Health Policy
