While bracing for the worst, property and casualty carriers with big medical components in their loss costsparticularly those covering workers compensationmight actually have good reason to hope for the best when the health insurance reform law, better known as Obamacare, is fully implemented.
While bracing for the worst, property and casualty carriers with big medical components in their loss costsparticularly those covering workers compensationmight actually have good reason to hope for the best when the health insurance reform law, better known as Obamacare, is fully implemented.
The property and casualty insurance industry has a leg up on life and health insurers when it comes to customer satisfaction, according to the most recent American Customer Satisfaction Index.
The New York Insurance Department reported that state residents insured through health maintenance organizations are seeing their premiums go up an average of 17 percent this year.
President Obama renewed his attack on health insurers today as he sought to give political cover to House Democrats as they prepared for a tough vote on new health care reform legislation.
The House overwhelmingly approved legislation repealing the antitrust exemption afforded health insurers through the McCarran-Ferguson Act--but further action on the legislation is unlikely.
Authority to regulate health insurers at the federal level--including the power to roll back rate increases--will be included in a proposal President Obama will unveil today in a new health care reform bill.
House Democrats are planning a vote next week on legislation that would repeal the McCarran-Ferguson Act anti-trust laws exemption for health care and medical malpractice insurers.