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States that ban copay accumulators
States that ban copay accumulators




states that ban copay accumulators

Insurance prices, he said, could rise if the policy passes. Several community members spoke in favor of the bill at the committee hearing, including a pharmacist, patients and parents of patients.īut Stephen Foxley, of Regents BlueCross BlueShield of Utah, voiced concerns, as did other insurance companies. How lawmakers could help families with huge medical bills.The bill, he has said, would end a loophole and help patients pay for expensive drugs. According to the bill text, the policy would not apply to self-funded plans.īramble said insurance companies are “double dipping,” getting money from vulnerable patients and the organizations who are trying to help those experiencing chronic illness. “If there is a benefit that is paid into a health care system on behalf of a patient, the patient should get credit for that benefit,” he said. Curt Bramble, R-Provo, the bill’s sponsor, explained what the legislation would do. It will not reach the House floor for consideration this year. On Tuesday, the final day of committee hearings for the Utah Legislature, SB184, a bill that would eliminate copay accumulator policies, was held in the House Business and Labor Committee. King, who lives in southern Utah, said insurance companies “have blood on their hands.” When patients with chronic illnesses have to go off their medications their health becomes more at risk and is “potentially deadly.” Those funds no longer go toward a patient’s deductible or out-of-pocket maximum. It prevents patients from receiving help from nonprofits or medical companies. In recent years, some insurance companies have implemented a policy known as a copay accumulator. Can this lawmaker change that for Utahns? Adjustment policies can bury chronically ill patients under skyrocketing bills.






States that ban copay accumulators