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In a letter to state legislators, Ken Matzick, President and ChiefExecutive Officer of Beaumont Hospitals, and several other hospital executiveswrote, "The state's current regulatory structure for individual healthinsurance is in need of significant repair. We are concerned as the individualmarket continues to grow, Blue Cross and Blue Shield, as the insurer of lastresort, will not be able to affordably price health care coverage and will notbe able to financially sustain the mounting losses in this market sector,jeopardizing the future of healthcare coverage for thousands of Michiganresidents who have nowhere else to turn for coverage. It is critical thatmarket reform also provide vital consumer protections for your constituentsand our patients and also help ensure the future viability of healthcarefinance in Michigan."
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"We've seen the effects of erroneous government assumptions in dealingwith sectors of our economy -- all you have to do is look at our bankingsector," CFAIR Executive Director John Truscott said. "We have a chance inMichigan to avoid a significant crisis in the future by making some verysimple changes to regulations that are 30-years-old. The time to act is now."
The following hospitals have sent letters in support of individual marketreform: Beaumont Hospitals, Charlevoix Area Hospitals, Chelsea CommunityHospital, Chippewa County War Memorial Hospital, Dickinson County HealthcareSystem, Marquette General Health Systems, Metro Health Hospital, MichiganHealth Ministries of Ascension Health, Portage Health, Trinity Health System,and the University of Michigan Health System.
Consumers for Fair and Affordable Insurance Reform, CFAIR, is a diversegroup of Michigan-based health organizations, businesses, unions, consumeradvocates and others who support individual health insurance reform inMichigan. Information about individual health insurance reform can be found ontheir Web site at www.fixhealthinsurance.com
SOURCE Consumers for Fair and Affordable Insurance Reform
