A Note of Caution on Health Care
The first round of changes from the March health-care reform law take effect today. Yesterday, President Obama, speaking from a Falls Church backyard, touted
Jul 31, 20201.8K Shares461.8K Views
The first round of changes from the March health-care reform law take effect today. Yesterday, President Obama, speaking from a Falls Church backyard, touted the impact of the changes and listened to guests explain how they will benefit.
NPR, however, presents a less optimistic takeon what the next few years of health care is America could look like:
“„[Jamie] Court, the consumer advocate, says he’s happy the law now says policies can’t be rescinded unless companies can prove that a policyholder lied on his or her application, but that until 2014, when the requirement for everyone to have insurance kicks in, he’s still worried that rescissions could continue.
“„“It’s a great thing, but it’s not a panacea,” he said. “Words in a bill don’t mean enough to insurance companies until they’re backed up by a lot of big verdicts or the wrath of a regulator.”
What kind of lies can prompt an insurer to rescind a patient’s insurance? One example in the NPR story has a patient losing her insurance because the height she reported on her application was an inch off her measured height and her weight five pounds different.
Camilo Wood
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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing.
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