Tuesday, November 09, 2010

Cigna CEO: Don't Repeal Healthcare Improve It

Read about the healthcare law and find insurance plans at healthcare.gov:
"I don't think it's in our society's best interest to expend energy in repealing the law," David Cordani told the Reuters Health Summit in New York. "Our country expended over a year of sweat equity around the formation of it."
...
Cordani, whose company is one of the largest U.S. health insurance providers, said he does not see any immediate significant changes and is "knee-deep" in implementing various provisions affecting his company and other insurers.

The law enacts big changes on insurers, from billions of dollars in new taxes and consumer protections to spending caps to ensure a minimum amount of premium dollars are spent on medical care. It also aims to expand health insurance to roughly 30 million more Americans, requiring them to buy policies or face fines starting in 2014. More at Reuters