When you go to a local grocery store or drug store, you can expect to pay a lot less than what you would at a private pharmacy.
That’s because the government is giving consumers a better deal when it comes to private health insurance.
But if you’re the kind of consumer who’s used to paying the government for a premium-priced product, you’re going to be a bit shocked by the price of Sensa.
Here’s what you need to know about the health insurance company that’s the target of a major lawsuit.
What you need know about Sensa:What you should know about Sena:Sena is the third-largest provider of health insurance to Americans under the Affordable Care Act, according to the latest data from the Congressional Budget Office.
But its prices have skyrocketed over the past few years.
The company is the target in a lawsuit filed this week by a group of health care professionals and consumers, and they are seeking class-action status to challenge the way Sensa is priced.
The suit, filed in the U.S. District Court for the Southern District of New York, seeks a court order requiring Sensa to stop pricing its policies so much higher than it does private health insurers.
The plaintiffs argue that the company is artificially inflating premiums to keep consumers from signing up.
Sensa’s pricing is so outrageous that it is, in effect, illegal, the lawsuit alleges.
The lawsuit contends that the government’s requirement that insurers disclose prices before signing up customers for coverage is “an unfair, deceptive, and illegal governmental scheme designed to artificially inflate the cost of private health plans.”
Sensas pricing is based on an assumed level of risk for the individual, and it is based “on the assumption that consumers will use the products and services of Sensas competitors when they choose to purchase health insurance,” the lawsuit states.
The suit says that the companies “do not make these assumptions.”
Sensenas website shows that its plan will provide coverage for people earning up to 100% of the federal poverty level.
That would be roughly $20,000 a year for a single person, according the lawsuit.
It also shows that a “single individual who meets the income and health eligibility requirements” will pay about $2,500 a year in premiums.
That means the company will cover about 7,200 Americans.
That $2.5 million figure is for the plan’s three most popular plans, which cover more than half the country’s uninsured, according an analysis of the website by the conservative group Americans for Prosperity.
Sensena plans to appeal the lawsuit, according, but the decision is likely to come down to a lower court.
The firm could face fines or even be forced to stop offering coverage, according one of the suit’s attorneys, Jeffrey Rosenblum.SENSA’S PROMISES The suit alleges that Sensa’s “costs for individual policies are inflated to compensate for the fact that consumers pay for their own health insurance through the private health insurer marketplaces rather than paying the federal government.”
The plaintiffs cite a report by the nonpartisan Congressional Budget Offices that found that under the federal-government health insurance program, premiums would increase under Sensa policies, but only by $5.26 per month for a family of four and $6.75 per month per child.
That’s a huge price drop, Rosenblums analysis found.
Sena says it is not the case that consumers would pay more for private health coverage because they would have to pay more out of pocket.
In fact, it says that in most cases, consumers would be able to keep their current plans if they choose not to enroll in the private marketplace.
The company says its plans cover the vast majority of people in the United States, and that consumers are “the most affordable and accessible” in the marketplace.SENSAS PURCHASE OF INSURANCE The lawsuit also contends that Sensas prices are based on the assumption of a government subsidy, or the possibility of a tax credit, for people who don’t have health insurance but choose to buy insurance through Sensas marketplace.
The government subsidizes insurance for people under 26 years old and people making more than $200,000, the suit alleges.
But it also says that some subsidies, such as those for employer-provided coverage, are only available to people with incomes below $95,000.
The price of the plans under the lawsuit’s definition of a subsidy are based “at the same level of protection for consumers as a government-sponsored plan,” the complaint states.
In a statement released Wednesday, Sensa spokesman Jonathan Moxley said, “The price-gouging allegations are simply not true.
The price of individual plans in Sensa are significantly lower than the premium-price premium for private plans, as reported in the CBO report, which is why Sensa does not charge a subsidy for those who choose to enroll.”
The lawsuit argues that the subsidies are