Yesterday, the Department of Health and Human Services released it’s proposed form that all insurers must provide to all insureds beginning in 2014. Remember, a piece of Obamacare required all insurance companies to supply a “brief” summary of benefits to all insureds that would help them understand what was covered, and what was not covered.
The headline of the last link is a bit misleading as, when it was written, the summary could be no longer than 4 pages. The final version of Obamacare brought the page limit back to 6 pages. In any event, we now have the proposed 6 page form.
Please take some time to review it and let me know whether you think anyone will take their time to read it, and, if they do, whether they will pay any attention to it. I ask this because the summary begins with a large “Warning” symbol, and follows with the words, “This is not a policy.” in bold faced type.
The form hasn’t received the final seal of approval from HHS, yet, but, comments from insurers are already rolling in.
Insurers said they were concerned about the potential cost and administrative burden of the new requirement, particularly if they have to create different iterations of the form for every possible plan design a consumer could explore and for every single employer.
‘Some plans would be providing tens of thousands of versions of this document,’ said a spokesman for America’s Health Insurance Plans, an industry group. [emphasis supplied]
Well, that should certainly lower premiums.
And, perish the thought that one of those tens of thousands of versions be given to the wrong person.
The more we see, Ms. Pelosi, the more we don’t like.