Thursday, February 19, 2009

Bill introduced to increase lifetime caps to minimum of 10 million

Lifetime Caps Bill Introduced On Friday, February 13, 2009,

Anna G. Eshoo(D-CA) and Jim Langevin (D-RI), along with Senators Byron Dorgan(D-ND) and Olympia Snowe (R-ME) introduced the Health Insurance Coverage Protection Act (H.R. 1085; S442).

I was so excited about this UNTIL Mike said it was a bad idea to mandate something like this... He said that it would then cost employers more money for the premiums. I hadn't thought of that. I do wish there were no such thing as a lifetime cap. Mostly because when you run out, you can't buy more (as we found out) due to pre existing clauses. So, what are you to do????

The legislation, introduced in both houses in 2008, will set a $10 million minimum lifetime cap on health insurance, with future increases based on inflation.

The National Hemophilia Foundation (NHF)played a vital role in encouraging the legislation and assembling a coalition of more than 50 patient advocacy and health organizations currently working for its passage.

“However, nothing could happen without the critical leadership of the members of Congress who recognized this problem and decided to do something about it,” said ValBias, NHF CEO.

“We applaud these leaders for identifying this critically needed piece of healthcare reform and moving it forward.”

On Thursday, February 26, 2009, more than 350 people affected by bleeding and clotting disorders will gather on Capitol Hill for our annual Washington Days advocacy event.

We will express our support for this important legislation and discuss other key healthcare issues with members of Congress and their staff.

“Having an inadequate lifetime cap defeats the purpose of health insurance and forces those with disabilities and chronic illnesses into an impossible situation,” Dorgan said.

“Low caps also end up costing the taxpayer because once people with illnesses hit their cap, they often turn to government programs for their care.

This legislation will raise lifetime insurance caps and allow those with illnesses to focus on recovering—not worrying about how they are going to pay for their treatment.”

“This bill addresses a critical lack of coverage for those with disabilities or chronic illnesses,” said Eshoo.

“It’s a travesty to think that people are job-hopping in order to switch insurance plans or quitting their job all together to access Medicaid.

Increasing the minimum lifetime cap will result in a net savings for federal and state governments because individuals with high medical costs can maintain private health insurance.

As medical treatment costs continue to increase, the issue of lifetime insurance maximums will become even more important. This legislation will protect individuals who are struggling to pay for the expensive medical treatments that are a result of disability or chronic illness.” NHF applauds the efforts of the bill’s sponsors and co-sponsors.


Terri@SteelMagnolia said...

Humm.....well, Mike just threw a monkey wrench in my excitement...

He said it's never good to mandate stuff like this...

because THEN... employers won't be able to afford it...
and could just stop offering insurance...

now I don't know how I feel about this...

I still think that lifetime caps are NOT keeping up w/ the costs...

but I know I would be way more comfortable w/ a 10 million dollar cap or no cap.

Terri@SteelMagnolia said...

This is from a conservative blogger buddy of mine:

I agree with Mike... I don't like government mandates.

I understand the position you are in though.

Terri@SteelMagnolia said...

This comment was left on my blog by JARNCO5

Welfare policies ruined the health care market.

Many state governments contributed to the uninsured problem by mandating guaranteed issue (forbidding insurance companies from denying coverage to anyone who applies for health insurance, including people who are already sick) and community rating (requiring insurance companies to charge the same premium to everyone, regardless of age, health history, LIFESTYLE CHOICES, and other factors) in the health insurance market.

Health insurance ruined by entitlement culture

It's worse than that in my opinion. Insurance caused the problem. Same as car insurance... people don't learn life's cruel lessons when they can pick someone elses pocket.

If the system was not carrying so much on its back you would have found charitable help for your son in my opinion. The cost would also have been within reason.

February 19, 2009 2:45 PM

Shellmo said...

How frustrating! What is the answer then? It saddens me to think of children without healthcare or getting the care they need.

Jasmin Gorge said...

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Likes Chocolate said...

Thanks for letting us know about this bill. Hope everything is going well for you guys.

Grandma W said...

I would sure like to see a picture of the little guy. I put in a verbal hint to Michael yesterday. He said he got the hint.........