As the dust settles on the Great Healthcare Reform Bill of 2010 passage in Congress, it’s time to ask what we got for the effort. No matter what people thought of the bill before, like it or not, it’s here.
Still, few people really understand what the bill contains and when the benefits and costs for the measure will be incurred on a year-by-year basis. Given the bill’s complexity and tortuous path though Social Security and IRS tax codes, this really isn’t a surprise, I suppose.
So here’s my simplified broad-brush overview, broken down by year, culled from several sources as referenced. Read more »
*This blog post was originally published at Dr. Wes*
As I have been predicting for a long time, state insurance regulators were unlikely to remain silent for long in the face of efforts to federalize major parts of state insurance regulation. They’re talking now, and they’re mad.
Last week, Connecticut Insurance Commissioner Thomas Sullivan testified in Congress on behalf of the National Association of Insurance Commissioners. He said that federal regulation must not displace the current system of state regulation. Calling the proposed legislation a “regime change,” he said it would result in “redundant, overlapping responsibilities will result in policyholder confusion, market uncertainty, regulatory arbitrage and a host of other unintended consequences.” Read more »
*This blog post was originally published at See First Blog*