Mid-Missourians weigh in on new health insurance bill

2 years 2 months 3 weeks ago April 01, 2015 Apr 1, 2015 Wednesday, April 01 2015 Wednesday, April 01, 2015 1:04:00 PM CDT in News
By: Katie Moeller, KOMU 8 Reporter
loading

COLUMBIA - The Missouri House of Representatives discussed the Fair Individual Health Pricing Act Wednesday.

The bill would require insurance providers to offer the same rates to private individuals that they do to people purchasing insurance through a group policy offered by their employer. 

Health insurance specialist Bryan Link said he's not sure how the bill could be put into action because group insurance policies aren't always the cheaper option. 

"The only reason sometimes larger groups or corporations save money sometimes is something called self-funding," Link said. "That means that the company finances its employees' health insurance claims, and if everyone has a relatively healthy year, then the company might save money."

Link said "self-funding" usually only starts to save money for companies that have at least 100 employees. 

Under the Affordable Health Care Act, companies with more than 50 employees must offer health insurance.  

"If we want to spread whatever benefit is received by large corporations when they "self-fund", as a country, we will just have to do away with employer-based plans, and move toward all-individual coverage," Link said. 

According to the Kaiser Family Foundation, the average cost of an employer based insurance premium per year in Missouri was about $5,400 in 2013. Employees in Missouri paid on average $1,000 of that cost per year, with their employers paying about $4,400.

The Kaiser Family Foundation said the average cost for an individual yearly health insurance premium was about $2,300 for Missourians in 2013.

Link said in the past 18 months, that price has gone up.

"Since the Affordable Health Care Act has taken more effect, I would say that number is more around $3,000 dollars a year for an individual yearly insurance premium," Link said. "That number has gone up because the ACA requires more comprehensive coverage and also doesn't allow denial on pre-existing conditions."

Link said it's important to remember that for many people, depending on household income, the net cost for insurance premiums is lower due to subsidies and tax credits. 

Columbia resident Leigh Ann French said despite those options, she doesn't have health insurance for a very simple reason.

"I just can't afford it," she said. "It's especially hard having a child. But I simply don't have enough money to buy it individually."

Peachtree Catering owner Ali Hamrah said he would like to see health insurance costs be less for small businesses and individuals. 

"I think it's great that self-employed people or people who own small companies should have the same access to the discounts that large groups get," he said. "But at the same time, I think it depends on what the large company is. I know owners of large companies who struggle to offer reasonable coverage to all their employees." 

The Fair Individual Health Pricing Act would also require insurance companies to make the costs of each coverage plan available to the public.

 

More News

Grid
List
JEFFERSON CITY - The congregation at the First Church of God in Jefferson City was treated to a unique experience... More >>
7 hours ago June 25, 2017 Jun 25, 2017 Sunday, June 25 2017 Sunday, June 25, 2017 4:59:00 PM CDT in News
JEFFERSON CITY, Mo. (AP) — The number of Missouri House races lacking major-party opposition has been on the rise. ... More >>
7 hours ago June 25, 2017 Jun 25, 2017 Sunday, June 25 2017 Sunday, June 25, 2017 4:47:00 PM CDT in News
JEFFERSON CITY - A domestic dispute ended with gunshots Saturday night after the Jefferson City Police responded to a weapons... More >>
10 hours ago June 25, 2017 Jun 25, 2017 Sunday, June 25 2017 Sunday, June 25, 2017 1:53:00 PM CDT in News
ST. JOESPH, Mo. (AP) — Missouri Western State University is closing the oldest residence hall on campus. The St.... More >>
11 hours ago June 25, 2017 Jun 25, 2017 Sunday, June 25 2017 Sunday, June 25, 2017 12:48:00 PM CDT in News
ST. JOSEPH, Mo. (AP) — A northwestern Missouri boy with a rare genetic disorder has fulfilled his dream of being... More >>
11 hours ago June 25, 2017 Jun 25, 2017 Sunday, June 25 2017 Sunday, June 25, 2017 12:40:00 PM CDT in News
COLUMBIA – The Strengthening and Conditioning Factory is hosting a fundraiser for the Children’s Miracle Network on Sunday. The... More >>
18 hours ago June 25, 2017 Jun 25, 2017 Sunday, June 25 2017 Sunday, June 25, 2017 6:11:00 AM CDT in News
COLUMBIA - Four people made it out safely of a house on Rosemary Lane in Columbia Saturday morning after a... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 7:41:00 PM CDT in News
COLUMBIA - Columbia Police responded to shots heard at the 800 block of Spencer Avenue on Saturday just before 5:00... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 5:53:00 PM CDT in News
JEFFERSON CITY - Cheerleaders rolled up their sleeves and got dirty while washing cars Saturday as athletes at Capitol City... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 3:51:00 PM CDT in News
FULTON - A man was taken into custody and charged Friday night after leading authorities on a chase through the... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 3:51:00 PM CDT in News
COLUMBIA - Members of the Central Missouri Radio Association are inviting mid-Missourians to participate in the National Amateur Radio Field... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 3:48:00 PM CDT in News
COLUMBIA – Aspen Dental provided veterans with free services in mid-Missouri and across the U.S. Saturday for the Aspen Day... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 2:29:00 PM CDT in News
JEFFERSON CITY, Mo. (AP) — Some GOP state lawmakers want to give the Missouri attorney general authority to prosecute violations... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 1:21:00 PM CDT in News
ST. LOUIS (AP) — A St. Louis judge has pushed back until Jan. 8 the retrial of a man accused... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 12:59:00 PM CDT in News
ST. LOUIS (AP) — St. Louis County police are investigating the case of a toddler who died after the vehicle... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 12:47:00 PM CDT in News
ST. LOUIS (AP) — St. Louis police are searching for a man now accused of killing a couple and another... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 12:42:00 PM CDT in News
CALLAWAY COUNTY - Callaway County Sheriff’s Office deputies responded to an initial 911 call Saturday morning reporting an airplane flying... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 11:43:00 AM CDT in News
JEFFERSON CITY— The Sam B. Cook Healthplex hosted the 5th Annual Sweatin' to Make a Difference on Saturday. The... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 11:40:00 AM CDT in News
Columbia, MO
Broken Clouds 61°
1am 58°
2am 56°
3am 55°
4am 54°

Select a station to view its upcoming schedule:

Coming Up Next

11:35p
Elementary
12:35a
Paid Program
1:05a
Dateline NBC
12:00a
Northern Borders
2:00a
Paid Program
2:30a
Paid Program

Tonight's Schedule

7:00p
American Ninja Warrior
9:00p
Spartan: Ultimate Team Challenge
7:00p
Supergirl
8:00p
Whose Line Is It Anyway?
8:30p
Whose Line Is It Anyway?
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld