I have been looking at health care insurance policies for my son who graduated from Rochester Institute of Technology in NY in May. While he was a student dependent of mine, I bought an NC policy with a high deductible for about $100 per month.
Since he graduated, he must have a NY policy where the regulations have forced many companies out of the market and those that are left have prices ranging from BC/BS for $1300 per month to a low of $368 per month. Regulations do not allow high deductible policies or any deductible. The NY policy is $0 deductible because, I was told, NY is a “guarantee issue state.”
If Obama and the Democrats in Congress get their way, this is one of the likely outcomes. On the other hand if Congress allows companies to offer policies across state lines, prices will be lower especially for New Yorkers and individuals in other states that have highly regulated insurance markets.
