Labor & Employment Blog

FEDERALLY-LEGISLATED PROCEDURES

Posted May 10, 2010

Author: Tod D. Yeslow

In today’s New York Times  an OpEd piece asserts the need for Federally-legislated procedures for insurance carriers to use to justify any proposed premium increases.  Of course, the NYT refers to legislation which will require actuarial standards to avoid the Anthem situation where “fuzzy” actuarial formulas were presented to support its 30% premiums increase. 

Legislation of this sort can provide external measures which, when coupled with an employer’s internal efforts, provide greater assist in containing or at least controlling health care costs.  Being that this idea seems to be one just percolating among the “liberal elite” it may be one which employers which see a value in this type of rationalized control over health care premiums could advance through their Congressional representatives, ERISA Industry Committee(“ERIC”) or other employer advocacy groups.

« BACK