It is critical to remember that these healthcare coverage plans are:

 

UNREGULATED: This company would not be required to provide coverage for people with pre-existing conditions or essential health benefits such as mammograms, prescription drugs, preventive screenings, and mental health services. The Department of Insurance has no authority to regulate their plans.

 

UNRELIABLE: Patients’ healthcare coverage could be canceled if they become severely ill. This company could limit lifetime and annual dollar benefit amounts, leaving the patient, the hospital, or the doctor stuck with the bill. No special interest should be given a license to prioritize profits over quality coverage. Consumers deserve to know what they are signing up for.

 

UNFAIR: Most Alabamians believe every health insurance company should comply with state and federal regulations. Unlike every other insurance company, this one insurance company would not be required to comply with state or federal regulations. Additionally, these unregulated plans could cost the state $19.5 million in lost tax revenue. 

 

The Alabama Legislature should protect consumers from being tricked into purchasing risky plans that can be canceled to maximize profit and do not cover essential health benefits. No insurance company should be allowed to write its own rules or deny coverage to people with pre-existing conditions. Companies should follow the same rules and comply with state and federal laws.