What Should Health Insurance Cover?
February 2, 2017 1 Comment
This is a basic health reform question, and one knock against the ACA has been that the benefits are too generous, which drives up the cost of premiums. This WSJ piece provides a good overview of the issue (and tradeoffs), and has a nice graph showing what proportion of individually sold insurance plans included benefits that are required by the ACA. Changes to the benefits required in the ACA could be made via rulemaking (the law describes categories of benefits that were detailed via rulemaking), Congress could reduce benefits in some “replace” or “tweak” of the ACA, or the issue could be devolved to the states, also via a replace or tweak bill. It is easy to criticize in health reform, but improvements are hard, because of the tradeoffs.