National Catastrophic Illness Protection Act of 1975

[AI summary unavailable — showing source text] National Catastrophic Illness Protection Act of 1975 - Part A: General Provisions - 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 insurance policies. Part B: Establishment of Program; State Plans - Authorizes the Secretary of Health, Education, and Welfare, under the Social Security Act, 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 provide: (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 insurer does not agree to write a policy of extended insurance, or does so under various limiting conditions, the State authority is notified and provides that the policy would then be placed with a pool or otherwise assigned to insurers by the "all-industry placement facility"; (3) that d…