Wednesday, November 17, 2010

Can Health Care reform be repealed?

According to this article no. The president is unlikely to sign legislation that would overturn the Patient Protection and Affordable Care Act. And much of the legislation won't be in effect until 2014. The biggest challenge is that the PPACA was a framework, the rest of the structure will be implemented by bureaucrats in the various agencies. One of the big discussion points is the mandate that insurance carriers return 80 - 85% of revenue collected from premiums to policy holders for claims and benefits. The discussion now is what goes into this 85%. Customer service? Agent commissions? Advertising? Stay tuned.

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