Sep 07, 2010
General
A Summary of the Senate's Healthcare Reform Bill
You can find here a summary of the healthcare reform bill passed out of the Senate Health, Education, Labor and Pensions Committee earlier this week. Thanks to Rob Liebross for the link.
Don Levit will be interested in the references to MEWAs near the end of the report.
Labels: healthcare reform
2 Comments to "A Summary of the Senate's Healthcare Reform Bill"
I agree with you Don about the fact that there is nothing inherently wrong with MEWAs. They may need some oversight tweaking to operate more effectively. But that is not unique to MEWAs. We can say the same thing about all of ERISA!
Posted by bking
on July 30, 2009 at 11:44 PM
Brian:
Thanks for posting this information.
I agree with the bill's increased penalties for fraudulent MEWAs.
While MEWAs are, and should be subject to state regulation, the solvency standards, for example, should bear some relation to the amount at risk.
I have talked with several regulators who look to the regulations and would require surplus that exceeds the amount at risk for the entire entity! If the insurer was a 501(c)(9), this excessive surplus would result in an unrelated business income tax, as well as higher premiums than necessary.
There are good MEWAs and bad MEWAs.
There is nothing inherently sinister about this form of insurer.
Don Levit
Thanks for posting this information.
I agree with the bill's increased penalties for fraudulent MEWAs.
While MEWAs are, and should be subject to state regulation, the solvency standards, for example, should bear some relation to the amount at risk.
I have talked with several regulators who look to the regulations and would require surplus that exceeds the amount at risk for the entire entity! If the insurer was a 501(c)(9), this excessive surplus would result in an unrelated business income tax, as well as higher premiums than necessary.
There are good MEWAs and bad MEWAs.
There is nothing inherently sinister about this form of insurer.
Don Levit
Posted by Don Levit
on July 17, 2009 at 06:33 PM
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