Insurance companies and state officials are split over whether to buy death coverage for an accident involving a motorist in the US.
Insurance industry executives have expressed concerns about the cost of covering injuries and death in the event of a catastrophic accident.
Some say the cost is too high, while others say they don’t know what insurance companies offer.
The National Association of Insurance Commissioners says it does not plan to buy insurance on behalf of any of the states.
The industry group has said it is looking at a range of options including an “emergency” insurance program.
But some members of the industry say it is not necessary to buy such coverage.
They say it would be best for them to simply keep their existing policies and to pay for their own medical bills.
“I don’t think we should be buying coverage on the spot,” said Mike Riddle, president of the Insurance Information Institute, a trade group.
“We should be getting our policy and getting a plan that is affordable.”
The US insurance marketplaces are designed to make insurance more affordable.
It is possible that some insurance companies might decide to buy coverage instead of covering it.
A number of states have already begun offering some form of emergency coverage to those who cannot afford it.
Some of the insurance companies that have offered coverage include Anthem Blue Cross Blue Shield, UnitedHealth Group, Aetna, Humana, United Healthcare, and UnitedHealth, according to the National Association for Business Casualty Insurance.
“They will have the ability to offer coverage that they do not have today,” said Andrew T. Smith, president and chief executive of the Association of State Business Casualties.
“They can go to their customers and say, ‘Look, we are going to provide you with coverage that you do not currently have.'”
Some states also have begun offering life insurance coverage for accident victims.
The Federal Emergency Management Agency says it has begun providing life insurance in states where insurers have not yet offered coverage.
The US Department of Health and Human Services said Monday it has created a pilot program to give the agency $500 million to help states improve their insurance markets.
The program will provide state and local government health insurance exchanges with a financial boost, the department said in a statement.
It said it will also give states up to $100 million to expand the programs so that consumers can purchase coverage directly through the exchanges.