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Posted by Mark Reback
Consumer advocates condemn them as the worst form of health insurance: “mini-med” plans that limit payouts to as low as $2,000 a year, leaving often unsuspecting customers to fend for themselves if they develop a costly and serious disease. So drafters of the new health-care law made eliminating mini-meds a top priority. By 2014,...
Posted by Carmen Balber
At the end of the day Tuesday, HHS quietly announced that the administration will allow junk health insurance company Mega Life and Health, in Maine, to evade rules under the federal health reform law that require insurance companies to spend 80% of premiums on actual patient care, instead of profits and overhead. The limited-benefit insurance...