Health Insurance Premiums Rival Mortgage Costs as 2027 Could See Huge Rate Hikes
- Governor Greg Abbott will propose the Essential Benefits Health Insurance Plan aimed at cutting health insurance premiums nearly 20% for Texas families and small businesses, potentially saving a typical family about $1,150 and small businesses more than $3,400 per employee annually.
- The plan would allow insurers to offer group plans that omit some state-mandated coverage requirements, providing an additional option for employers, though the specific excluded benefits are not yet clear as legislative language has not been released.
- State Representative Jay Dean is likely to support Abbott's proposal in the upcoming Legislature; however, medical and patient groups oppose similar measures due to concerns over weakened protections and coverage gaps.
32 Articles
32 Articles
Chairman Jay Dean Supports Governor Abbott’s New Health Insurance Reforms Designed to increase coverage and reduce costs for Texas families
Today at a small business in Fort Worth, Governor Abbott announced his support for a health insurance proposal designed to reduce premiums and expand affordable coverage options for Texas families and small businesses. Health insurance costs have continued to climb, making it increasingly difficult for Texas employers – especially small businesses – to offer health…
InsideNoVA.com
Health insurance premiums rival mortgage costs as 2027 could see huge rate hikes
(The Center Square) – The total cost of employer-sponsored family health insurance now exceeds the median monthly mortgage payment for recent homebuyers, but employers cover most of that insurance bill.
Abbott To Unveil Health Insurance Plan He Says Would Cut Premiums Nearly 20%
Gov. Greg Abbott attends an event in Austin on June 4, 2015. | Image by J Dimas/Wikimedia Commons; cropped by DX.Gov. Greg Abbott (R-Texas) will announce a health insurance proposal Wednesday in Fort Worth that his office says could cut premiums nearly 20% for Texas families and small businesses. Abbott’s Essential Benefits Health Insurance Plan would allow insurers to offer employers group plans that omit some coverage requirements imposed unde…
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