Navigation Links
New Health Care Legislation Stops 'Opportunistic' Insurance Pricing
Date:3/5/2009

LOS ANGELES, March 5 /PRNewswire/ -- With the nation focused on health care reform, California Assemblyman Paul Cook (R-Yucca Valley) recently announced Assembly Bill 562 (AB 562), legislation aimed squarely at providing relief to businesses and consumers that have fallen victim to price gouging across the state. AB 562 decreases health care premium costs. It requires insurance companies to provide greater amounts of "loss experience" information to mid-sized companies, allowing them to bargain fairly with the insurance industry.

"AB 562 will give employers a more level playing field in negotiating rates with insurance companies, which will quickly drive down premiums at a critical time in our state's history," said Jeff Miles, national health care analyst and President of The Miles Organization. "Lower employer rates will mean lower employee contributions, saving millions of Californians on their health costs. Creating greater competition in the private marketplace will attract more insurance plans into California, thereby providing much-needed relief."

According to Dr. John Schneider, a principal at the independent research group Health Economics Consulting Group, this legislation represents an estimated $16 billion of savings to California's businesses and their employees. AB 562 keeps the private health care delivery system in place and will not interfere with the doctor/patient relationship. It strengthens the employer-based system by lowering premiums, and will support the existing system by increasing the number of Californians covered by their employers.

AB 562 helps both small and mid-sized employers save money. For employers who are in the small group (2-50) markets, the bill will help them to negotiate their Risk Adjustment Factors (RAF), or to choose other options that better suit their employees. For mid-sized employers (51+), AB 562 will provide actual (secure) claims data for the first time, finally helping these employers escape the predatory pricing practices used by insurers.

The legislation maintains the strictest forms of California privacy regulations for confidential medical information. No one should need to worry about their medical expenses affecting their job security, or their pricing for group health care.


'/>"/>
SOURCE The Miles Organization, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Preferred Health Technology and Visa Inc. Team Up on Comprehensive Point-of-Service Medical Payments Solution
2. Samantha Harris Launches A Toast for Everyday Health
3. Carestream Health Debuts Powerful New PACS Viewer As Work In Progress
4. VNA HealthCare Selects Allscripts Homecare
5. Statement by Bruce Bodaken, Chairman & CEO, Blue Shield of California, Regarding President Obamas Healthcare Summit
6. Sanofi-aventis Partners with the Hispanic Community in Miami to Increase Health Awareness, Access to Resources and Help Improve Patient Care
7. Bad Marriages Harder on Womens Health
8. NBC Digital Health Network Upgrades WEGENER(R) Compel(R) Network Control System and Adds MediaPlan(R) Content Management System
9. InfoLogix Implements Wireless Multi-Site Medical Communications Solution for Sisters of Mercy Health System
10. SXC Health Solutions Awarded The Pharmacy Benefit Management Institutes 2009 Innovation Award
11. UT School of Public Health Program to Prevent Childhood Obesity Expands to Central Texas Middle Schools
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/27/2016)... ... June 27, 2016 , ... TopConsumerReviews.com recently awarded their highest five-star ... , Millions of individuals in the United States and Canada wear eyeglasses. Once considered ... both correct vision and make a fashion statement. Even celebrities use glasses as a ...
(Date:6/26/2016)... ... ... Brent Kasmer, a legally blind and certified personal trainer is helping to develop a weight ... app plans to fix the two major problems leading the fitness industry today:, ... program , They don’t eliminate all the reasons people quit their exercise program ...
(Date:6/25/2016)... , ... June 25, 2016 , ... "With 30 hand-drawn ... specific project," said Christina Austin - CEO of Pixel Film Studios. , ProHand ... all within Final Cut Pro X . Simply select a ProHand generator and ...
(Date:6/25/2016)... ... June 25, 2016 , ... Conventional wisdom preaches the ... In terms of the latter, setting the bar too high can result in disappointment, ... just slow progress toward their goal. , Research from PsychTests.com reveals ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... ... Conference and Scientific Sessions in Dallas that it will receive two significant new ... the grants came as PHA marked its 25th anniversary by recognizing patients, medical ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... CLEMENTE, Calif. , June 24, 2016  American Respiratory Labs ... company, is now able to perform sophisticated lung assessments in patients, ... Technologies , Inc. Patients are no longer limited ... ndd,s EasyOne PRO ® , ARL patients like Jeanne R. of ... done in the comfort of her own home. ...
(Date:6/24/2016)... 24, 2016 According to a ... (Standard Pen Needles, Safety Pen Needles), Needle Length (4mm, ... Hormone), Mode of Purchase (Retail, Non-Retail) - Trends & ... studies the market for the forecast period of 2016 ... 2.81 Billion by 2021 from USD 1.65 Billion in ...
(Date:6/24/2016)... , June 24, 2016 ... appointment of Dr. Edward Futcher to ... Director, effective June 23, 2016.Dr. Futcher was also ... and Governance Committees.  As a non-executive member of ... expertise and strategic counsel to VolitionRx in connection ...
Breaking Medicine Technology: