Wednesday, 18 April 2007
Delaware Senate Approves Health Insurance Pool
The Delaware Senate has passed legislation to create a health insurance pool for small businesses and moderate-level income individuals. The bill passed with an overwhelming approval in a 17-1 vote.
The pool is thought to help bring down costs for both small businesses and individuals who have difficulty affording health insurance. Policyholders will save an estimated 10% to 30% per year.
The bill is set to move to the House, where it faces an uphill battle. Similar legislation was not approved just last year. Blue Cross Blue Shield of Delaware also opposes the bill.
“Clearly, it has one very influential opponent. There will be some intensive lobbying,” said Insurance Commissioner Matt Denn. “But I'm optimistic about our chances in the House.”
The vice president of BCBS of Delaware, William E. Kirk III, said his company was in favor of creating a program to subsidize help for individuals and small business to buy health insurance.
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