Word: out-of-pocket
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...have too little insurance to cover major illness turns out to be low, according to a new study in the Journal of the American Medical Association. The report finds that 29 million people are now underinsured because their private insurance plans don't protect them from unusually large out-of-pocket expenses. What's the reason for the nearly 50% increase in the underinsured? Skyrocketing costs for catastrophic illnesses...
...them available to offset the G.O.P. tax cut. Senate majority leader Bob Dole's plan, released a day after Gingrich's, does a better job of making the numbers add up by offering both carrots and sticks. Seniors who opt to stay in traditional Medicare would see their out-of-pocket costs go up even more than under the House plan; those who choose less costly options would receive more generous rebates from the government...
...there are problems too. As mentioned, there are limits on people's ability and inclination to be rational consumers when it comes to health care. Furthermore, the worst health-care inflation is occurring in big-ticket items, such as major surgery, which cost more than the annual out-of-pocket threshold. The big savings to the government would come not from any triumph of market-based efficiency but simply from making seniors pay more of the cost. And the government would lose some of that money again if, as proposed, people are encouraged to set up tax-free "Medisave" accounts...
Under the old package, the out-of-pocket costsper doctor visits varied with the health planemployees chose ranging between nothing...
...Gibson's ``special friend''; extra hotel rooms at N.A.A.C.P. conventions, at which Gibson had already been provided with free accommodations; and $126,000 for limousines. In addition to having his credit-card bills paid by the organization, Gibson received a ``stipend'' of $3,000 a month to cover out-of-pocket expenses. Gibson says he never provided any written documentation of his expenditures because, under N.A.A.C.P. regulations, ``it was not required.'' The N.A.A.C.P. will never again give a leader such unchecked power...