The Kaiser Family Foundation released a report on Tuesday of this week that Health Insurance Companies are requesting and making Premium Rate Increases in very high numbers. The KFF report is found in full on www.kff.org. It is summarized by Reed Abelson and Nina Bernstein, "Health Insurers Push Premiums Sharply Higher" p. A1, col. 6 (New York Times Nat'l ed., Wed., September 28, 2011)(account log-in or account registration and/or subscription may be required by the New York Times).
The linked reporting on this issue does not include information on the extent to which these Premium Rate Increases are based on existing, or increasing, compensation to Health Insurance Company executives, directors, and officers.
How much of the Premium Increases is intended to compensate these people? If they answer "none," then does that mean that these people forswear any compensation based on those Premium Increases?
The author has been asked to Co-Chair the Health, Life and Disability Subcommittee of the American Bar Association Insurance Coverage Litigation Committee.
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