College Health Insurance Often Flunks Quality Test, Cuomo Says - Health Blog - WSJ

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College Health Insurance Often Flunks Quality Test, Cuomo Says

By James A. White

Many college health-insurance plans fail to provide students with minimum coverage and often pay out far less in benefits than they collect in premiums, New York State Attorney General Andrew M. Cuomo says.

Plans with low coverage limits, numerous exclusions and high premiums leave students at risk while providing massive profits for insurance companies,” the high-profile AG and likely NYS gubernatorial candidate said in a statement yesterday. He said his office has subpoenaed 10 insurers that are big players in the college health market as well as five insurance brokers, agents and others in the field.

Aetna, one of those receiving a subpoena requesting information, defended its plans. “The plans are very affordable based on the population; the... http://insurance-auto.ucoz.com/news/college_health_insurance/2013-06-28-4146