Growth in U.S. liability claims could accelerate to 5-6 percent in the near future, according to a just-released report by Swiss Re sigma. The slowdown in U.S. liability claims paid after 2008, primarily due to economic drivers such as the recession and weak recovery, is expected to reverse. Why the change? Cyber risk and the...
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Accountable Care and Workers Compensation: Are They Compatible?
By Jacob Lazarovic, MD, FAAFP Senior Vice President and Chief Medical Officer, Broadspire First let’s review the acronym glossary. Accountable Care Organizations (ACOs) were stimulated by the Patient Protection and Affordable Care Act (PPACA). A cousin of the ACO model is the patient‐centered medical home (PCMH) model. And these, and similar delivery systems, are often...
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Why Do Insurance Policies Have Deductibles?
Central Insurance Company has been producing some nice short little videos that explain insurance basics. Here’s one about why insurance policies have deductibles that’s just two and half minutes.
Employers: When Government Regulations Are Your Friend
I hope the title got your attention. As a comp attorney for 39 years I learned of the hidden gems to be discovered in mining otherwise unreadable statutes. Best of all are the sections that are all but forgotten and all but little obeyed or enforced. That describes most sections of most laws. Non-Workers Comp...
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Friday catch-up
Today most of the news is about PPACA enrollment, prices, and issues related thereto. First up, paid enrollment as of mid-August was about 7.3 million via the Exchanges. That’s a pretty big number, and substantially above initial goals (and below the President’s late spring estimate). To be fair, the President’ estimate was for those that...
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Cavalcade of Risk #217, Top Risk Posts From The Blogosphere
The WC Roundup is proud to be hosting the 217th Cavalcade of Risk. This bi-weekly blog is a collection of risk-related posts covering topics from finance, to insurance, to health. The Audacity of Dope Blog: From Bob’s Cluttered Desk, http://www.workerscompensation.com/compnewsnetwork/from-bobs-cluttered-desk/ Author: Bob Wilson A court in New Mexico has decided that an employer...
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Report: Companies Uncertain of How Much Cyber Coverage to Buy
The recent disclosure of a major data breach at retailer Home Depot has once again put the spotlight on the increasing vulnerability of businesses to cyber threats and the need for cyber insurance. But companies are uncertain of how much insurance coverage to acquire and whether their current policies provide them with protection, according to...
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It’s the diagnosis…
If the diagnosis isn’t right, there’s a pretty good chance the treatment won’t be right. A while back I had an interesting conversation with folks from Best Doctors about this issue, and they provided some interesting statistics about the incidence of misdiagnosis. The American Journal of Medicine reported that at least 15% of all medical cases in...
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Health Law Gets Reprieve As Appeals Court Agrees To Rehear Key Case
The controversial federal court decision that threatened the future of the Affordable Care Act is no more. The full District of Columbia Court of Appeals Thursday agreed to rehear Halbig v. Burwell, a case charging that the federal government lacks the authority to provide consumers tax credits in health insurance exchanges not run by states....
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Back to work edition of Health Wonk Review
At the Health Business Blog, David Williams has selected the best of the last month’s posts on reform implementation, cost control, and various and sundry other topics to give you a quick take on all things health policy related.