Governor Cuomo recently announced that the Department of Financial Services is investigating medical bills for out-of-network costs. All healthcare related costs have a direct impact on the high health insurance rates facing business owners in New York State. The unexpected out-of-network medical bill costs are just one more factor that raises the aggregate cost of providing health insurance to employees.
NFIB members have cited health insurance costs as their number one problem for more than 20 years. The cost of insurance has soared by 123 percent over a ten year period from 1999 to 2009 – a rate that is unsustainable and frankly, indefensible. If small businesses cannot afford healthcare options for employees, we risk the potential of having thousands of New Yorkers living without any private healthcare options.
The cost of insurance for small business and their employees must come down to a reasonable level. Small business pays more (than big business) for less. For too many small business owners, healthcare is one of their fastest growing and most unpredictable costs. Any attempt, such as this investigation by the Department of Financial Services, which gets to even just one root of the cause for skyrocketing healthcare costs, is welcomed and greatly appreciated.
NFIB/NY continues to advocate for a close examination of healthcare mandates and other cost drivers which impact small business.
Further information is available at the following:
Gov. Cuomo Announces Department of Financial Services Investigation into Out-of-Network Medical Costs Affecting New Yorkers Across the State –
“AN UNWELCOMED SURPRISE: How New Yorkers Are Getting Stuck with Unexpected Medical Bills from Out-of-Network Providers” –
To voice your questions or complaints concerning medical bills: