U.S. states imposed 2,262 specific benefits requirements on health insurance plans in 2011, up 4.9% from the total recorded in 2010.
Victoria Bunce, research director at the Council for Affordable Health Insurance (CAHI), Alexandria, Va., and other CAHI staff members have reported that finding in their latest annual health insurance benefits mandate review.
The CAHI analysts note that the number of mandates is up from 850 in 1992, when the group started counting mandates.
Mandates may account for about 10% to 50% of the cost of of a typical health insurance package, the analysts estimate.
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Rhode Island and Virginia both top the CAHI chart with 70 mandates imposed. The state with the smallest number of mandates, Idaho, imposes 13 mandates.
HEALTH INSURANCE FOR THE FOLKS WHO CONTROL EVERYTHING
Hedge funds paid just 2% to 8% more for group health coverage in 2011 than they paid in 2010, according to SKG Group Inc., White Plains, N.Y.
The hedge fund advisory firm reports that the rate of increase in health insurance rates for hedge fund managers and fund employees has slowed from 6% to 18% in 2010.