Just now on Senate Finance Committee: Rockefeller reveals fastest growing Health Insurance Product
It's called a limited benefit plan.
The idea is that it is sold *as* insurance, but provides no coverage via stated recision in the fine print that is triggered when something expensive happens. These plans cost more than the preventative maintenance they do cover and are hiding the fact that they will rescind cover when some medical event happens.
The witness is saying that there is no law against a product like this, so they can sell it.
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