It is easy to defeat legislation. It is more difficult to pass it. It is even more difficult to implement it.
Here we are at the start of June, and I have been a part of a lot of briefings and discussions on the “how to implement this mess” topic. The overall theme appears to be “We have no idea…”
One of the big questions that my CFO friends brought up was the key issue of Stop Loss Insurance. Stop Loss makes Self Insurance possible, and the concern is (was) that the mandate for no lifetime limits would push the insurance carriers to stop offering the coverage. This would be a massively bad thing, as far as the CFOs were concerned.
Good news this week – the carriers are adjusting. Click here to read an article with some detail from the National Underwriter. The first tangible shift that I have seen in the insurance world happened. The stop loss carriers are starting to announce that they will offer policies with no lifetime caps. Whew. Glad they are shifting. The world is still waiting to see how the implementation of the exchanges will be done, but I wanted to share that the first changes are showing up. Consider yourself alerted.
Karl Ahlrichs' Uncommon Experience 
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