| The effect of state regulations on the quality and sale of insurance policies to Medicare beneficiaries. | |
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MedLine Citation:
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PMID: 3295008 Owner: NLM Status: MEDLINE |
Abstract/OtherAbstract:
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This paper examines the effects of state regulations on the quality of insurance policies sold to Medicare beneficiaries and on the amount of sales abuse reported in the sale of such policies. State regulations regarding such policies relate to policy content and format, minimum rates of return, sale of these policies related to disclosure requirements, consumer information activities, and penalties for agent and company abuse. This paper examines the impact of specific regulations on the ratio of the expected policy benefits per premium dollars and on the number and kind of abusive sales practices reported by purchasers and nonpurchasers in agent and mail sales. The study finds that loss ratio floors, minimum benefit standards, and the development of states of consumer information guides for prospective policyholders have a positive impact on the quality of the policies purchased. In addition, the study finds that the amount of abuse reported is less when insurance companies routinely issue press releases concerning agent or company misrepresentation and when consumer guides are developed and available from the state. |
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Authors:
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N McCall; T Rice; A Hall |
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Publication Detail:
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Type: Journal Article |
Journal Detail:
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Title: Journal of health politics, policy and law Volume: 12 ISSN: 0361-6878 ISO Abbreviation: J Health Polit Policy Law Publication Date: 1987 |
Date Detail:
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Created Date: 1987-06-26 Completed Date: 1987-06-26 Revised Date: 2004-11-17 |
Medline Journal Info:
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Nlm Unique ID: 7609331 Medline TA: J Health Polit Policy Law Country: UNITED STATES |
Other Details:
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Languages: eng Pagination: 53-76 Citation Subset: IM |
Export Citation:
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| MeSH Terms | |
Descriptor/Qualifier:
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Aged Aged, 80 and over Consumer Advocacy* Female Government* Humans Insurance, Health / legislation & jurisprudence, standards* Male Medicare* Socioeconomic Factors State Government* United States |
From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
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