Lawmaker says he has solution to lower health insurance prices in Oklahoma
Updated: 1:45 PM CDT Apr 8, 2017
A state lawmaker thinks he has the solution to lower the prices Oklahomans pay for health insurance, but his plan is receiving some pushback.
Supporters of Senate Bill 478 say something has to change in Oklahoma’s insurance market, and fast. The question raised by opponents is: At what cost to Oklahomans’ coverage?
“The landscape on health insurance is in a little bit of a disarray,” Rep. Lewis Moore said. “Competition always drives down costs and improves the product.”
He said he thinks that allowing insurance companies to sell across state lines will lower Oklahomans’ premiums. To make that happen means that companies wouldn’t have to cover all of the things they currently do.
“Those people on the individual plan could decide, ‘I don’t need these types of coverage. I’ll choose one with 25 mandates, which would lower the cost,’” Moore said.
Opponents say anything from cancer treatment to mental health might no longer be covered by cheaper insurance.
WEBVTT AINS.REPORTER: SUPPORTERS OF THISBILL SAY SOMETHING HAS TO CHANGEIN OKLAHOMA’S INSURANCE MARKETAND FAST.THE QUESTION RAISED BY OPPONENTSIS, AT WHAT COST TO YOURCOVERAGE?>> THE LANDSCAPE ON HEALTHINSURANCE IS IN A LITTLE BIT OFDISARRAY.REPORTER: STATE REPRESENTATIVELEWIS MOORE JOINING US AT 9:00TO EXPLAIN HIS HEALTH INSURANCEA.M. BILL.>> COMPETITION ALWAYS DRIVESCOSTS DOWN AND IMPROVES THEPRODUCT.REPORTER: HE THINKS ALLOWINGINSURANCE COMPANIES TO SELLACROSS STATE LINES WILL LOWERYOUR PREMIUMS, BUT, TO MAKE THATHAPPEN, COMPANIES WOULDN’T HAVETO COVER ALL OF THINGS THEYCURRENTLY DO.>> THOSE PEOPLE ON THEINDIVIDUAL PLAN TO DECIDE, I DONOT NEED THESE TYPES OFCOVERAGES, I WILL CHOOSE ONEWITH 25 MANDATES, WHICH WOULDLOWER THE COST.REPORTER: OPPONENTS SAY ANYTHINGFROM CANCER TREATMENT TO MENTALHEALTH MIGHT NO LONGER COVEREDBY THAT CHEAPER INSURANCE.YOU CAN GO DOWN THE LIST OF ANYOF THESE THINGS, YOU CAN SAYDIABETES OR ANY OF THESE, MOSTOF THESE YOU DO NOT KNOW IF YOUWILL GET.HOW CAN YOU DECIDE?>> SOME OF THOSE YOU HAVE TOEXERCISE GOOD JUDGMENT.