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Over 70% of all medical bills are now enclosed by government programs and insurance, and the number of people covered by some form of health insurance amplified from about 12 million in 1940 to over 225 million in 1996. About 38 million Americans were enrolled in Medicare, and there were more than 36 million Medicaid recipients. In that same year, about 187 million people were covered by private health insurance. However, more than 44 million Americans are not covered by any health insurance, and those who are have seen significant cost increases. As premiums increased from $16.8 billion in 1970 to $310 billion in 1995, and national health-care costs rose from $75 billion in 1970 to just over $1 trillion in 1996, many businesses increased the amount of money employees contribute toward their health insurance. This circumstance has led to ongoing political pressure for restructuring of the national health-care insurance system.
posted by renaa
@ 6:26 PM
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Thursday, March 30, 2006
National Association of Insurance has introduced a campaign on Tuesday. The campaign is launched to warn businesses and employees about frauds offering fake health insurance.
Alessandro Iuppa, NAIC President and Superintendent of the Marine Bureau of Insurance said that Phony carries hawking counterfeit coverage have cost employers and workers more than a quarter of a billion dollars.
Iuppa said that a single claim for a premature child could be over half a million dollars and also a worker may think he had insurance for this and find out he hasn´t.According to a study conducted by the U.S Government Office in 2004 found more than 15,000 businesses and 200,000 employees were maltreated in a period from 2000 through 2002, and at least $252 million in claims went unpaid.
A 2004 study by the U.S. Government Accountability Office found more than 15,000 businesses and 200,000 employees were victimized in a period from 2000 through 2002, and at least $252 million in claims went unpaid. Iuppa said it was tough to track these health insurance frauds since his organization is set up to monitor licensed providers, and fake carriers generally are unlicensed.
NAIC is launching a radio and television campaign urging employers call their state insurance to bear out the company and broker selling the policy are licensed.
Alessandro Iuppa, NAIC President and Superintendent of the Marine Bureau of Insurance said that Phony carries hawking counterfeit coverage have cost employers and workers more than a quarter of a billion dollars.
Iuppa said that a single claim for a premature child could be over half a million dollars and also a worker may think he had insurance for this and find out he hasn´t.According to a study conducted by the U.S Government Office in 2004 found more than 15,000 businesses and 200,000 employees were maltreated in a period from 2000 through 2002, and at least $252 million in claims went unpaid.
A 2004 study by the U.S. Government Accountability Office found more than 15,000 businesses and 200,000 employees were victimized in a period from 2000 through 2002, and at least $252 million in claims went unpaid. Iuppa said it was tough to track these health insurance frauds since his organization is set up to monitor licensed providers, and fake carriers generally are unlicensed.
NAIC is launching a radio and television campaign urging employers call their state insurance to bear out the company and broker selling the policy are licensed.
posted by renaa
@ 9:35 PM
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