Abusive Insurance Sales And Marketing Techniques Involving the Earned Income Tax

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Abusive Insurance Sales And Marketing Techniques Involving the Earned Income Tax
United States Congress House Committee On Ways
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:l-i:4-OC-R£V. 3/92 45 The Cash Guard Series Standard Plan ATWWf I lAL INDEMNITY INSURANCE PIAN ATTACHMENT 16 capitolAmerican Business Marketing Division 46 Did You Know: /\ The cost of medical care has increased 11"'^ from 1980-1990. Almost double the 59''o increase in the Consumer Price Index for all Items. ' t\ The average daily hospital room charge has increased from S128 in 1980 to $315 in 1990 . An increase of 146^c.^ A The average hospital cost per day has increased from $245 in 1980 to
...$687 in 1990 .. An increase of 180%.^ j\ In 1990, the average length of stay in U. S. Community hospitals was 7. 2 days.^ A tnp to the hospital can be very expensive. Many group health plans are designed to pay your medical expenses, and do not cover out- of-pocket expenses such as deductibles and co- insurance, transportation, out-of-town lodging, and added family care expenses. According to a 1990 survey of employers by the U. S. Chamber of Commerce, 47% ofthe firms responding reported that they had either raised an existing deductible or instituted a deductible on to their health insurance plans.

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