Thursday, October 25, 2012

Medigap not evil?

When they're not screwing up consumers' life insurance choices, the National Association of Insurance Commissioners (NAIC) does try to do positive things. For example, they have a whole committee that's been working to strengthen support of Medicare supplement plans that limit beneficiaries' out of pocket expenses.

The Senior Issues Task Force [ed: good thing they didn't add "Health" in there] has been trying - thus far unsuccessfully - to communicate that message to HHS Secretary Shecantbeserious. Madame Kathy has "asked the NAIC to think about ways to change the NAIC's Medigap model regulation" to further reduce those out-of-pockets. The problem, of course, is that health care costs what health care costs, so someone is going to get stuck with a big bill.

Care to guess who?

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