MA report on student healthcare plans

Parents Forum
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<p>Insurance companies rack up much higher profits on health coverage sold to nearly 100,000 Massachusetts college students than on plans available to the general public, according to long-awaited data released late yesterday by the state. The figures also show that college-student plans also have higher administrative costs.</p>

<p>The report by the Division of Health Care Finance and Policy shows that, on average, 30 cents of every premium dollar goes toward profits and administrative costs, compared with 12 cents for plans sold to the general public. The remainder of the premiums is what’s used to pay medical bills.</p>

<p>Students at state schools faced the greatest disparity: 45 cents of every insurance dollar they pay goes to profit and administrative costs, according to the report.</p>

<p>Report</a> blasts student health plans - The Boston Globe</p>

<p>This isn't surprising to me as I've had to do the waiver many times at two MA schools. Whether it's banking, credit cards, student loan fees, health insurance, textbooks, or food service; it seems that college students are an attractive target for profit extraction.</p>

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<p>I completely believe this. I have to pay for my dd’s health insurance in Ma. as they will not accept mine and the cost is absolutely ridiculous. Every insurance agent I have spoken to has been horrified at how much we are being charged but I have no way around it. My policy is only for instate as we must buy on our own as dh is self employed.</p>