Casualty Insurance

Health Insurance Companies and the Government Becoming Friends?

Casualty — Sat, 05 Jun 2010 08:36:47 +0000

During the debate and after the passage of health care reform,
Washington has put blame on the health insurance industry and criticized it. Now
there is a change of tune coming from policymakers in Washington.

Last week Department of Health and Human Services
secretary Kathleen Sebelius met with health insurance executives according to The New York Times.
It was at this point that Sebelius said she would “look for
opportunities to work with insurance companies,“ which won’t
be that hard. She also asked health insurers to keep their premiums low while
new provisions of reform are implemented within the next few years.

Carmen L. Balber, the director of the Consumer
Watchdog advocacy group said, “The success of health care reform
depends, in part, on the cooperation of the insurance industry. Insurers have endless opportunities to throw
up roadblocks. If they try to hold on to
the old way of doing business, it will be much harder for the administration to
achieve the goal of high-quality, affordable care.“

Really the government will need health
insurance companies to implement reform the way they want it to
be-without a rise in health care costs. Nevertheless, health insurers also need
the government.

Health insurance companies have implemented everything
that Secretary Sebelius has asked them too, even before the deadlines cited in
the legislation. With this cooperation, health insurance companies have asked
for the criticisms of their industry stop and those criticisms have.

This relationship is pivotal in the implementation
of reform and controlling of health care costs. Health insurers and
policymakers might as well become friends because it is going to be a long
overhaul.

View original post on http://www.gohealthinsurance.com/blog

Health Insurance Regulators Miss Deadline for Setting Standard Medical Loss Ratios

Casualty — Thu, 03 Jun 2010 04:21:21 +0000

In the Patient Protection and Affordable Care Act, state insurance regulators had until
December to standardize medical loss ratios. But that deadline was changed to
June 1 when Department of Health and Human Services secretary Kathleen Sebelius
realized that health insurance companies could use more time to implement the
changes than the December deadline would provide.

However, that deadline has come and gone and
insurance regulators feel they need more time to make decisions about medical
loss ratios according to The Washington Post.

Under the health insurance legislation, health
insurance companies will have to spend at least 80 to 85 percent of premiums to
pay for medical claims and improving health care. This leaves health insurers
15 to 20 percent to spend on administrative costs. The state insurance
regulators were supposed to provide guidelines for what should be counted as
medical care or administrative costs.

This provision is to keep health care costs low for
consumers. But if the definition of medical loss ratios is too narrow, health
insurance companies may cut back some of their great programs for
consumers, like nurse hotlines.

The National Association of Insurance Commissioners
said, “The medical loss ratio and rebate program… have the potential
to destabilize the marketplace and significantly limit consumer choices if the
definitions and calculations are too restrictive. Equally, the medical loss
ratio and rebate program could be rendered useless if the definitions and
calculations are too broad.”

The defining of the medical loss ratio could change
the way health insurance companies do business or it could have very minimal
impact. Either way, the medical loss ratios need to be just right to be
effective.

View original post on http://www.gohealthinsurance.com/blog

GA Accident Attorney Explains Auto Insurance Policy Limits

Casualty — Sat, 19 May 2012 06:16:03 +0000

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www.shanesmithlaw.com If you had a car accident in Atlanta, Georgia pedestrian accident or any other personal injury accidents have been violated , you must ensure that you covered for damage. Georgia Accident Attorney Shane Smith explains in this video the importance of car insurance right. In this video you will learn more. Law firms Shane Smith explains that there is no legal limit to the amount of damages you can receive when injured in a car accident in Georgia, but there may be complications that can affect treatment you receive. If the negligent driver who has just hit the cover of at least 000 and your damages and injuries that exceed this amount, you may need to file a complaint injuries. Therefore, with uninsured motorist (UM) and underinsured motorist coverage (UIM) is useful if you are injured by a negligent driver who is uninsured or underinsured. If you have UM or UIM, you may be able to collect the difference from your insurance company. If you are in a car accident in Georgia have been violated, the insurance coverage available is essential to your personal injury case. For help in understanding your auto insurance questions to your maximum insurance benefits, or legal advice following a car accident, please call the office at 770-999-Shane Smith Hurt or 770-487-8999. You can also visit our website www.shanesmithlaw.com our free books and resources useful to see the video Note:. 0/5

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Casualty — Fri, 18 May 2012 22:14:08 +0000

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Casualty — Fri, 18 May 2012 14:14:17 +0000

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Casualty — Thu, 17 May 2012 22:16:37 +0000

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Truck Rental Insurance for U-Haul, Budget Or Ryder – Do I Really Need It?

Casualty — Wed, 16 May 2012 22:11:40 +0000

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Casualty — Wed, 16 May 2012 14:10:58 +0000

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Casualty — Wed, 16 May 2012 06:10:46 +0000

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Casualty — Tue, 15 May 2012 22:22:54 +0000

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