The state has issued a new report documenting yet another way college students get nickle and dimed — on health insurance. The message here — stay on your parents plan.
Insurance companies rack up much higher profits on health coverage sold to nearly 100,000 Massachusetts college students than on plans available to the general public, according to long-awaited data released late yesterday by the state. The figures also show that college-student plans also have higher administrative costs…
The state plans to “study whether the Connector Authority, the agency that oversees the state’s landmark health insurance law, could create a better product for the student market.”
Isn’t that something the universities should be doing?