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From New York Times:
AARP, the lobby for older Americans, announced Monday that it would become a major participant in the nation's health insurance market, offering a health maintenance organization to Medicare recipients and several other products to people 50 to 64 years old.
The products for people under 65 include a managed care plan, known as a preferred provider organization, and a high-deductible insurance policy that could be used with a health savings account.
When the new coverage becomes available next year, AARP will be the largest provider of private insurance to Medicare recipients.
In addition to the new H.M.O., AARP will continue providing prescription drug coverage and policies to supplement Medicare, known as Medigap coverage.
The role of private insurers in Medicare is one of the most hotly debated issues in American health policy.
Dawn M. Sweeney, president of AARP Services Inc., the tax-paying business unit of AARP, said, "We will use our collective market power to negotiate" competitive prices for the new health insurance products.
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Posted on April 16, 2007 11:02 PM
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