Raising Women’s Voices

Health Care Marketplace | AP/Detroit News Examines Lifetime Health Coverage Caps as Cost of Health Care Rises

Posted in Affordability, Insurance companies by raisingwomensvoices on July 21, 2008

 U.S. residents increasingly “are learning that individual caps that seemed large quickly max out” because of the rising costs of health care, the AP/Detroit News reports. As a result, several patient advocacy groups are encouraging insurers to increase the limits, which do not adjust for inflation. In addition, lawmakers are currently considering two bills that would mandate such adjustments, according to the AP/News.

According to a survey by the Kaiser Family Foundation and Health Research and Educational Trust, 1% of U.S. employer-based single coverage health plans in 2007 set limits on benefits below $1 million. The study also found 22% of single coverage plans set caps from $1 million to less than $2 million.

read_more: http://www.kaisernetwork.org/daily_reports/rep_index.cfm?DR_ID=53278

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