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WSU economics professor comments in Detroit Free Press article about healthcare costs, policies

October 13, 2013

At least 146,000 Michiganders - and possibly thousands more - with health coverage purchased directly from insurers now are learning their polices will end Dec. 31 because they don't meet the minimum requirements of the federal health care act. Under the law, each policy must cover essential benefits in 10 categories. Instead of beefing up these policies, insurers are opting to drop them, advising consumers to consider other policies that are now available either from the insurers directly or through the Michigan Health Insurance Marketplace, also known as the state exchange. The policies that are ending were often less expensive on the individual market because they provided limited benefits and were sold to healthier consumers. Customers will pay more, but they also will get more coverage now, noted Gail Jensen Summers, an economics professor at Wayne State University, who specializes in health insurance policy and costs.