National Catastrophic Illness Protection Act

[AI summary unavailable — showing source text] National Catastrophic Illness Protection Act - PART A: General Provisions - Sets forth the findings of the Congress that there are still many individuals who cannot secure or cannot afford adequate health insurance protection and that very little insurance protection is available to help meet the costs of a catastrophic illness or disease. Establishes as the policy of Congress the need for a National Catastrophic Illness Insurance program to encourage State and private insurers in the development of policies which will meet the problems set forth in the statement of findings. PART B: Establishment of Program; State Plans - Authorizes the Secretary of Health, Education and Welfare to establish and carry out a National Catastrophic Illness Insurance Program. Provides that the program shall involve the creation of State-wide plans providing extended health insurance , and that the Federal Government will reinsure insurers and pools of insurers who offer such insurance. Requires all plans to include: (1) that extended health insurance be available to all eligible individuals, and at a cost which is reasonable, subject only to deductibles authorized in this Act; (2) that where an insure…