An Act Concerning Required Health Insurance Coverage For Specialized Formulas.
Impact
If enacted, SB00027 would amend sections 38a-492c and 38a-518c of the general statutes, expanding the scope of health insurance coverage in Connecticut. This change would obligate insurers to provide coverage for specialized formulas, thereby altering existing insurance policies and potentially increasing the overall costs for insurance providers. Supporters of the bill argue that this will significantly benefit those in need, while opponents may raise concerns about the impact on insurance premiums and the broader implications for insurance coverage mandates.
Summary
SB00027 is designed to mandate health insurance coverage for specialized formulas required by individuals aged twelve years and older. This bill aims to address the healthcare needs of adolescents and adults who rely on specific nutritional formulas for medical conditions that necessitate such dietary requirements. By ensuring coverage for these formulas, the bill seeks to alleviate financial burdens on families and individuals who might struggle to afford these necessary products without insurance support.
Contention
The discussions surrounding SB00027 highlight divided opinions regarding the necessity and implications of mandated health insurance coverage for specialized formulas. Proponents assert that increased coverage is essential for public health and the management of chronic medical conditions, suggesting that it will improve health outcomes. Conversely, critics might argue that such mandates could lead to increased costs for insurers, which might be passed onto consumers, thus questioning the sustainability of such a policy if costs soar.
An Act Concerning Insurance Market Conduct And Insurance Licensing, The Insurance Department's Technical Corrections And Other Revisions To The Insurance Statutes And Captive Insurance.