Long-Term Care Insurance: Protecting Consumers From Hidden Rate Hikes
September 13, 2000
Sen. Chuck Grassley, chairman of the Special Committee on Aging, is a strong proponent of long-term care insurance. He is the sponsor of legislation to give people tax incentives to buy the policies. In that capacity, he feels a responsibility to protect consumers from unanticipated long-term care insurance premium increases. This hearing features a representative from the National Association of Insurance Commissioners, which is working on a rate stabilization plan; a lawyer who has filed several class-action lawsuits on behalf of policyholders; and insurance industry representatives.
Date: September 13, 2000
Time: 10:30 a.m.
608 Dirksen
Statements of Committee Members
- Senator Chuck Grassley, Chairman, Iowa
Witness Testimony Panel 1:
- Kathleen Sebelius, Vice President, National Association of Insurance Commissioners; Insurance Commissioner, State of Kansas, Topeka, Kansas
- William Scanlon, Ph.D., Director, Health Financing and Public Health Division, U.S. General Accounting Office, Washington, DC
- Allan Kanner, Attorney, Allan Kanner & Associates, P.C., New Orleans, Louisiana
- Charles N. Kahn III, President, Health Insurance Association of America, Washington, DC
- David Martin, General Director, Long-Term Care, Contracts and Legislative Services, John Hancock Life Insurance Company, Boston, Massachusetts
Hearing Publications
- Committee on Aging Print: 106-36