NU Online News Service, March 26, 2:35 p.m. — Reno, Nev.
Consumer advocates here for the spring meeting of the National Association of Insurance Commissioners, Kansas City, Mo., asked regulators to make sure that health insurance policies are effective as well as affordable.
Many health insurance policies, even those offered through associations, are unreliable, Mila Kofman, a researcher from George Washington, said at a consumer liaison meeting.
Before insurers can stabilize the cost of health insurance, they must set prices high enough to reflect the cost of providing the coverage promised, Kofman argued.
“People have to be honest about the discussion,” Kofman said. “Health care costs money.”