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Government Cuts Medicare Advantage Bonus
Last week the Government Accountability Office (GAO), the investigative agency of Congress, called for a cancellation of an $8.3 billion dollar Medicare Advantage bonus program. The money is going toward a three-year project intended to make quality improvements to Medicare Advantage plans and financially reward those plans that are scoring well by the Department of [...]
Watch House Speaker, John Boehner Speak at NAHU’s Capital Conference!
The National Association of Health Underwriter’s Capital Conference featured House Speaker John Boehner, who spoke about the 2010 Health Care Law and addressed the future of the U.S. Health Care system. Click HERE to watch the entire speech.
Looking Ahead in the New Year
Happy (blessed) new year to you all. It appears we have an eventful year shaping up. I was looking through the Wall Street Journal for what is on its calendar, and it includes some pretty large insurance-related items. We know that life carriers are re-pricing their products, with both term and GUL taking the lead [...]
Private Health Insurance Exchanges
In this economy, more employers are visiting private health insurance exchanges for their employees. These exchanges help employers to offer employees health plan options that are more suited their needs, while helping to cut extra costs. Exchanges allow employers to give employees a set dollar amount to shop for their own insurance coverage, which will [...]
NAIC to Appeal to Omit Agent Commissions from MLR
The National Association of Insurance Commissioners (NAIC) resolved last week to appeal to Congress and the Department of Health and Human Services to omit agent commissions from the medical loss ratio (MLR) formula in PPACA. The NAIC is arguing that insurance agents’ livelihoods are at stake if their commissions must be cut significantly due to [...]