By Susan Jaffe, May 7, 2011, KAISER HEALTH NEWS in collaboration with The Chicago Tribune
Cars have sticker prices, ketchup bottles have nutrition-facts labels, and soon health plans will get coverage labels.
For the first time, consumers shopping for a health policy will be able to get a good idea of how much of the costs different plans will cover for three medical conditions: maternity care, treatment for diabetes and breast cancer. And because buying insurance is more complicated than buying a can of soup, the proposed insurance labels are two pages long. ….The new “coverage facts labels” are required under the health overhaul law, which directed the National Assn. of Insurance Commissioners to draft them. [MORE]
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