Guam – Senator Judi Guthertz has introduced a bill that she says would open up the competitive proposal process relative to insurance rates in Guam to ensure that health care insurance negotiations.
In a release, the Senator says her Bill 30-480 will be known as the “HealthCare Insurance Transparency Act of 2010.” The aim of the measure is to achieve a more economical and beneficial health plan to provide the requisite medical care needs and services.
Senator Guthertz argues that “the current competitive process for coverage proposals is antiquated.”
The legislation would also remove the need for a Certificate of Authority which, Guthertz contends, would encourage participation from on and off island insurance providers.
In addition, the legislation would provide a mechanism for a feasibility study on the possibility of providing a non-profit public health insurance coverage option for island residents.