The Ugly Duckling Of Health Insurance Turns Into A Swan

By Author: Michale Simson
Total Articles: 5
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If you want the highest quality for anything, you have to pay more right? Currently when you shop for individual, family, or self employed health insurance plans in Washington State that principle does not apply. Rarely does the combination of fantastic benefits and low rates coincide.
Let's start by mentioning that I never thought the basic Pay Less, Get MORE principle would apply to this company. After all, the company I am referring to is usually thought of as an HMO, where you historically had to see their doctors at their facilities. Yuck. In many ways this resembles the ugly kid in class growing up to be a supermodel, it can happen, but it is rare. In fact, several years ago if you had told me that this company would have a huge network of providers and hospitals rivaling or exceeding Premera or Regence, I'd have thought you were kidding.
This company is Group Health. Remember when they were not so fondly referred to as Group Death? A lot has changed.
I was skeptical myself, and didn't place a lot of clients with this new and improved version of Group Health until I saw that their new model was working. ...
... Well, it is working and is providing great health insurance benefits for very low rates. Even President Obama has recently lauded them as one of the best examples of care in the country.
They changed because they had to in order to survive. Their membership was stagnant, while Regence and Premera were growing. They were having a hard time attracting top talent, when Regence, Premera and others could afford the best management money could buy. So, Group Health rolled up their sleeves and changed. And, they didn't receive any bailout money or tax assistance to do so.
The health insurance agent community is happy because now there are more competitive health insurance products that more people can afford. Health Insurance consumers ranging from individuals, families, self employed and small business are happy because the newly changed company fosters rate competition in Washington, a market historically dominated by Regence Blue Shield. Group Health is happy because their growth has increased revenues which allow them to attract better and more qualified employees than ever before.
So, the moral of the story is this. Anytime a health insurance company is allowed to offer more and expanded health insurance options at reasonable rates, we all benefit. Let's just hope our elected leadership crafting new policy in Washington understands this basic economic principle.

Author Info-Michale Simson is a freelance writer and has written of diversified subjects. In the particular articles he has discussed on different aspects of washington state health insurance for self employed policies and programmes.
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