The Biden administration on Friday proposed several new initiatives aimed at reducing health-care costs, including a crackdown on so-called scam insurance plans, new guidance to prevent surprise medical bills and an effort to reduce medical debt tied to credit cards.
The administration plans to limit what it calls "junk" insurance plans, such as short-term policies that can deny basic coverage as people transition between jobs and need temporary coverage. It cited the case of a Montana man who received a $43,000 health-care bill because his insurer said his cancer was a preexisting condition.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
