New York City is under fire for allowing a funeral home to pay its insurance premiums for you, not the other way around.
As a New Yorker, you probably think of your insurance company as a company you work for, but you don’t have to go that far to figure out who’s actually paying your funeral home bill.
That’s because the city is under pressure to get its act together and implement a rule to curb insurance companies’ profit motive, as the cost of insurance increases, especially for older residents.
It’s not just New Yorkers who are at risk.
A recent analysis by the Center for Economic and Policy Research found that for every $100 increase in insurance premiums, the cost to residents in older counties jumped $1,500, a result that has been driven by the death of more than two million Americans between 2005 and 2014.
And as you’ll see in this primer, the problem has been getting worse, not better.
The real estate industry and its political backers have been pushing to make the rules tougher.
That’s led to an influx of regulations, which are typically unpopular, and the fact that it’s taking so long to enact these rules.
Now, some people are fighting back, calling for tougher rules to curb the death tax.
And in a surprising move, the city council is considering a proposal that would require that every funeral home, mortuary, or mortuary-like facility in the city pay for the funeral services of people who have not made enough money to cover the cost.
If this bill passes, it will be the first city in the country to mandate funeral homes to pay for their funeral care.
This is just the latest example of New York trying to address rising costs.
A few years ago, the mayor made it a goal to cut the cost per person of New Yorkers’ insurance by $100 a year, to make it easier for people to shop around for insurance.
But that’s a tough sell, and even the mayor’s budget did not include any real-world savings measures.
And it doesn’t help that the city has already been struggling with high premiums and high deductibles.
With more and more people living in New York, funeral homes are seeing a steep rise in demand, with more than 200,000 people a year dying while in their homes.
As the city continues to struggle with these challenges, it is imperative that city leaders act quickly to implement new, tougher regulations.
This article is part of a series examining the health care law and the consequences of it on the health of Americans.