Like it or not, President Barack Obama and House Speaker Nancy Pelosi have managed to pass a comprehensive health insurance reform bill, against long odds. The big question is, what happens now?
The vast majority in the insurance business don't like this legislation, and understandably so, since it focuses practically all of its attention on the industry, without reforming the way health care is delivered.
It also fails to offer medical malpractice insurance relief, guaranteeing that defensive medicine will continue to be practiced, driving up costs through the ordering of questionable tests. Meanwhile, the penalties for not buying mandated coverage is way too small to coax everyone into the system.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
