RICHMOND, Ky. — No! Never forget that when the government mandates that health insurers provide a new benefit, the government does not pay for the benefit and neither do the health insurance companies. You do!
The government can mandate that insurers provide more benefits, but government does not give money to the health insurers to pay for them.
Where does the insurance company get the money to pay your benefits? Unlike government, a health insurance company can’t just print money when it needs to pay for your medical expenses.