The Medicare Catastrophic Coverage Act of 1988 and its impact on employer-sponsored retiree medical plans.

Abstract

The Medicare Catastrophic Coverage Act of 1988 (MECCA) significantly enlarges the scope of federally funded health care benefits for elderly Americans. Since Medicare's inception in 1965, several inadequacies have become apparent, especially the absence of coverage for catastrophic illnesses. Now MECCA inhibits the potential financial ruin of elderly… (More)

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