Task force keeps Wyoming-run catastrophic health insurance talks alive
FROM WYOFILE:
Though lawmakers frowned on 'BearCare' plan last year, the idea reemerged at meeting focused on improving health insurance affordability.
But it's not off the table entirely.
The idea is that BearCare could offer financial protection for relatively healthy patients as well as mitigate uncompensated care costs that hospitals and providers can end up with. It would be similar to private catastrophic insurance plans, where people pay low premiums for high-deductible coverage that's useful for major health emergencies, but doesn't cover typical care.
"It really is bringing insurance back to a kind of traditional major medical product that was offered in the '50s that covers those catastrophic expenses,"
The plan is one option under consideration as the task force seeks to understand and allay the high costs of medical insurance in
During a two-day meeting last week, the task force explored everything from bolstering
It became clear that
"In some ways, we just have a math problem, as you've heard about for days now,"
The topic is so unwieldy and thorny that the task force might need another year to work on it, some members noted, especially when it comes to finding lasting solutions.
"We really do have to get a handle on it somehow," co-chairman Rep.
Costly care
A statewide survey of registered voters earlier this year found that 81% say the cost of healthcare is an extremely or very serious problem. Healthcare costs and access also topped the list when WyoFile asked readers to rank issues that are important to them as part of its election coverage.
A major pain point is recent jumps in health insurance premiums.
"These are professionals, attorneys, healthcare providers, CPAs … your small businessmen, that really are economic drivers in the community," Larsen said at the panel's first meeting in June.
According to a
But ACA plans only apply to part of the formula of healthcare costs in
"When we talk about how premiums are unaffordable, and I will be the first to admit that we have an unaffordable product, we also need to understand what's driving that," Senior Counsel at
The discussion often returned to
"We're lucky. We're insured," Boley said. "But what I would say is the system is pretty broken, and I feel for the patients, and I feel like we can do better, and that's what I hope comes out of this."
The effort to find solutions to draw down costs looked at potential solutions such as healthcare consolidation, strategies to help hospitals avoid billing errors and exploring so-called "reinsurance."
Not a silver bullet
BearCare also came up as a measure that could stanch some costs.
Health department staff have been thinking about the concept for a couple of years, Fuchs said. When holding rural health listening sessions last year, insurance affordability emerged as a top public concern. That spurred the draft BearCare plan included in the state's original
As proposed, the state-administered insurance plan would cover only emergent costs in order to offer a more affordable alternative to non-subsidized Affordable Care Act plans for otherwise healthy people, he explained.
Because
Though it could mitigate costs, Fuchs added, "I don't think it's a silver bullet by any stretch."
Questions of whether the plan would be financially feasible, fiscally responsible or even an appropriate task for the state government came up. Task force members went back and forth for some time on the matter, discussing stewardship of taxpayer dollars, constitutional duties, administrative costs and ways to allow private insurance to offer similar plans.
Members will revisit the topic in October.
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