Insurers and Employers to Provide Plain English Explanation of Health Benefits

"The Obama administration proposed new rules on Wednesday that would require health insurance companies and employers to provide information to policyholders and employees describing health benefits, coverage and costs in plain English." That's the report from the NYTimes. "As part of the new form, insurers and employers would have to itemize the costs that would be incurred by consumers needing certain services. These 'coverage examples' would show how insurers cover the cost of having a baby, treating breast cancer and managing diabetes. The government would specify the services and billing codes to be used in calculating costs in each case." Read more.