The National Association of Insurance Commissioners (NAIC) has recommended that states vote for legislation that will provide insurance brokers and agents with protection for their commissions from the medical loss ratio (MLR) of the new federal healthcare law’s expense cap which has been applied to medical insurers. The NAIC advisors task force for health insurance voted to support H.R. 1206, which has been called the Professional Health Insurance Advisors Act of 2011. Rep. Mike Rogers (R-Mich) introduced this Act in Congress. The Patient Protection and Affordable Care Act within the…
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Des Moines opts back into self insurance program to cut costs
Health insurance for city workers in Des Moines, Iowa, is becoming less expensive. Earlier this week, the City Council moved to make a switch back to a self-insurance system for its employee’s health plans. This is the first time since 2003 the city has opted to participate in such a system. City officials hope that the change will help save money on policies across the board. They expect it will also save taxpayers money – to the tune of $1million annually. The City Council is currently expanding their efforts to…
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