Medicare:

Catastrophic Illness Insurance

PEMD-87-21BR: Published: Jul 31, 1987. Publicly Released: Jul 31, 1987.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

In response to a congressional request, GAO reviewed proposed legislation for providing catastrophic illness insurance coverage for the elderly.

GAO found that the proposed legislation would: (1) increase the number of hospital days for long-term care; (2) either eliminate or considerably decrease deductibles or coinsurance payments for those covered by Medicare; (3) only partially protect the elderly from catastrophic expenses; and (4) lower the copayment cap to $1,043. GAO also found that: (1) 91 percent of Medicare enrollees who apply for benefits would not exceed the cap and, therefore, would be ineligible for benefits; (2) the proposed legislation did not address long-term services, such as help in dressing, eating, and moving about; and (3) the legislation addressed issues such as prescription drugs, protecting sick persons or their spouses from impoverishment, and providing in-home personal care.

Sep 28, 2016

Sep 15, 2016

Sep 14, 2016

Sep 12, 2016

Sep 9, 2016

Sep 6, 2016

Aug 31, 2016

Looking for more? Browse all our products here