❌ SB207
Prohibit certain health insurance cost-sharing practices
Summary
The bill prohibits certain health insurance cost-sharing practices by requiring health insuring corporations to file premium rates and copayment structures with the superintendent of insurance for approval. It mandates that copayments, cost sharing, and deductibles must be reasonable and not create barriers to necessary health care services, and it prohibits lifetime maximums on basic health care services. The bill applies to health benefit plans delivered, issued, or renewed on or after January 1, 2027.
Rationale
The bill imposes regulations on health insurance practices, which conflicts with Libertarian principles advocating for minimal government intervention in personal and economic matters. It restricts the freedom of health insuring corporations to set their own terms and conditions, thereby undermining free market principles.
Risks and Concerns
- Increased government control over health insurance practices
- Potential for reduced competition in the health insurance market
- Limitation of consumer choice in health care options