Health Insurance Industry Practices

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ISBN 13 : 9781332263042
Total Pages : 502 pages
Book Rating : 4.2/5 (63 download)

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Download or read book Health Insurance Industry Practices written by and published by . This book was released on 2015-08-05 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Health Insurance Industry Practices: Hearings Before the Subcommittee on Oversight and Investigations of the Committee on Energy and Commerce, House of Representatives, One Hundred Third Congress, Second Session, June 29 and August 3, 1994 The subcommittee met, pursuant to notice, at 10 a.m., in room 2123, Rayburn House Office Building, Hon. John D. Dingell (chairman) presiding. Mr. Dingell. The subcommittee will come to order. Today the subcommittee will hold the first in an interesting series of hearings into the health insurance industry. During the course of this inquiry, the subcommittee will examine what role the multi-billion dollar industry plays in runaway health care costs, in access to health care, and in the quality of that care. This review is going to be thorough, and it is going to be exhaustive, and it will include the financial practices throughout the industry, who the players are, and how they, and their organizational structures and interrelationships are changing. The subcommittee will assess these matters in depth, and we intend to determine why the existing regulatory systems have let the insurance company bureaucrats have life or death power over too many ordinary citizens. Health care is too important to leave in the hands of powerful and unaccountable insurance companies. These companies are constrained only by a patchwork of regulatory policies that rest largely in the States and that differ dramatically from State to State and from company to company. This subcommittee knows only too well from its ongoing investigation into insurance company insolvencies that those regulations often are riddled with loopholes and their implementation is too often spotty and lackluster. The subcommittee knows, moreover, that many State regulators wage a daily uphill battle against powerful insurance lobbies that have attempted to strangle all State reform efforts. Today's hearing will focus on the activities of what many believe is the largest insurer offering individual health insurance policies. That company is Golden Rule Insurance Company - a nice name - headquartered in Lawrenceville, Illinois, and Indianapolis, Indiana. The company has been a controversial player and a controversial figure in a number of States, and depending upon who you talk to, is either a staunch advocate for consumers and political activism or a greedy predator feasting on a captive population. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.