Health Insurance Purchasing Alliance

This past Wednesday, the House voted 286-87 to pass HB 515 with amendment.  The bill would enable trade organizations like NHLRA to form health insurance purchasing alliances.  An organization would have to have at least 3,000 covered lives to form a purchasing alliance.  The purpose of the bill is to allow employers and their employees to obtain better value in purchasing health insurance by consolidating purchasing responsibilities and resources, thereby increasing purchasing expertise and reducing the administrative cost of health plan contracting, premium collection, and payment for multiple employers.  The bill now goes to the Senate.  NHLRA supports this bill.

Comments

[NHLRA]

This past Thursday, the Senate voted to kill HB 515. The bill would have enabled trade organizations to form health insurance purchasing alliances. An organization would have to have at least 3,000 covered lives to form a purchasing alliance. The purpose of the bill was to allow employers and their employees to obtain better value in purchasing health insurance by consolidating purchasing responsibilities and resources, thereby increasing purchasing expertise and reducing the administrative cost of health plan contracting, premium collection, and payment for multiple employers.

[NHLRA]

This Tuesday, February 14 the Senate Banks & Insurance Committee will hear HB 515, which would enable trade organizations like NHLRA to form health insurance purchasing alliances. An organization would have to have at least 3,000 covered lives to form a purchasing alliance. The purpose of the bill is to allow employers and their employees to obtain better value in purchasing health insurance by consolidating purchasing responsibilities and resources, thereby increasing purchasing expertise and reducing the administrative cost of health plan contracting, premium collection, and payment for multiple employers. NHLRA supports this bill.

[Terry O'Brien]

It is about time! Maybe independent restaurants and hotels will now be able to afford to provide insurance for their employees. This could be a major breakthrough for all of us who own small businesses and want to do the right thing for our staff.