▲ ▼ Health insurance for sick and disabled
I recently learnt that the top health insurers in my country are denying policy for the sick and disabled; putting the lives of sick and disabled at risk during COVID-19 pandemic.
As an entrepreneur I understand the risk faced by insurers, but then again such risk is part and parcel of their business model. But, denying someone a policy since they have X disease when they could offer them a coverage for rest of the ailments with a waiting period for coverage of X disease is not keeping up with the progress of medical science; especially when the Govt. guidelines suggests you to do the same.
Hence, there is a need gap for an insurer who cares about sick, disabled and has ethical policies which are developed in parallel to the progress in medical science.
Do you know such insurer, have opinions about how such insurer should be or want to build one yourself? I understand that the subject of health insurance differs widely according to the country and their health policy.
Hence, there is a need gap for an insurer who cares about sick, disabled and has ethical policies which are developed in parallel to the progress in medical science.
Do you know such insurer, have opinions about how such insurer should be or want to build one yourself? I understand that the subject of health insurance differs widely according to the country and their health policy.
I don't know if insurers are permitted to package coverage separately like this. They heavily abused it prior to Obamacare and a lot of the regulation in Obamacare mandated that any insurance plan cover a certain set of procedures and medications. The largest barrier seems to be regulatory.
https://www.healthcare.gov/coverage/what-marketplace-plans-cover/
I agree. There are mandatory package coverage like you said here, in fact very recently they have launched COVID-19 specific insurance policies. But the issue here is more of the enforcement of regulations than the regulations itself.
In several countries, insurance and private hospitals seem to have a very loose leash; COVID-19 situation has showcased it very well.