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catastrophic health insurance

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catastrophic health insurance,
health insurance that awards benefits to pay for the cost of severe or lengthy disability or illness. Benefits on some policies are not paid until a specified minimum amount paid by the insured is exceeded. Most policies have a limit in total benefits paid, and payment for certain kinds of services may be precluded or limited to a maximum indemnity.


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Businesses seem to like socialism if it's in their own interest, which I think mandatory catastrophic health insurance would be.
It includes a $15,000 standard deduction for health insurance for any family covered by at least a catastrophic health insurance policy, regardless of whether it was purchased individually or by an employer.
Country Experience with Catastrophic Payments The need of designing catastrophic health insurance schemes is prevalent in countries where coverage for health care is significantly inadequate.
 
 
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