NAIC backs of self funding?

Submitted by InsureBlog Sun 08/12/2012

Unlikely but they have decided to slow down and regroup at least. As reported by SIIA the ERISA working group has tabled the proposed increase to minimum self funding risk.

http://www.siia.org/i4a/pages/index.cfm?pageID=6204

 "The Committee made it clear that they did not intend to overstep their
charge and did not intend to turn stop loss into health insurance. They
also said they do not want to hinder employers from self-funding or from
having self-funding options. The proposed change is primarily in
response to medical inflation and changes in plan designs since 1995.
However, as several people pointed out, this assumes that the original
standard of $20,000 was appropriate and made sense, which is probably
dubious given that the vast majority of states have yet to adopt the
Model Act."

Did not want to hinder employers from self funding? Odd then that the proponents are campaining to do just that. Appears to be another case of politicians trying to slip something through without the public noticing and getting caught. NAIC has been trying for 20 years to kill self funding, despite what they claim in press releases this is not the end of their efforts. Just like national healthcare and other liberal agendas they will keep fighting to accomplish this goal either little by little or taking advantage of a crisis. 

Original content copyright © InsureBlog

disclaimer

This information is solely for informational and educational purposes only. The publication of this information does not constitute the practice of medicine, family planning, child psychology, marriage counseling and this information does not replace the advice of your physician or other health care or mental health care provider. Neither the owners or employees of NaturalFamilyOnline.com or the author(s) of site content take responsibility for any possible consequences from any treatment, procedure, exercise, dietary modification, application of medication or any other action involving the care of yourself or any family members which results from reading this site. It is always best to speak with your primary health care provider before engaging in any form of self treatment. Additional information contained in our Legal Statement

Poll
What does your weekly dinner look like?
The whole family dines together at home
63%
The whole family dines together at a restaurant
1%
Parents and children eat separately
4%
Whoever is around eats together
21%
Every family member for themselves!
11%
Total votes: 5755
family