And another thing …Posted: December 17, 2011
… related to SSDI:
See, here’s another industry that uses the SSDI: Insurers. This article explains how insurers in New York State use the SSDI in order to make death benefit payouts to survivors more promptly, and how they use it to make sure they don’t pay annuities to dead people. (Thanks to Actuarial Opinions for forwarding the link.)
You’d think the insurance industry would be upset about limiting access, too. Although perhaps they figure it’s no problem to them, as they can buy the data they need for themselves.
Updated, with another Deep Thought: Yeah, this is probably why you aren’t hearing from the banking and legal professions on this one, either. They’ll have the information anyway, as they can afford to purchase their own databases. Whereas the little guy who’s trying to find out where Grandpa disappeared to — oops, sorry. Thanks, Senators!