Rating agencies took a well-deserved beating last week when they were called on the carpet by state regulators wary of trusting their assessments going forward.
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Will Congress pass a health care reform bill before the year is out? That’s the question we’re posing to readers on NU’s online poll this week. Cast your vote at www.property-casualty.com.
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New York’s former insurance superintendent, Eric Dinallo–now an NYU professor, and potential candidate for state attorney general–published an op-ed in yesterday’s New York Daily News in which he explains why individuals must be required to buy health insurance to reform the system. But he also suggests that a public option is required to make sure coverage is affordable for all. Frankly, I wonder whether he might think my call for a Health Insurance Assigned Risk Plan might do the trick?
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While I didn’t expect to see insurers and agents dancing in the streets, I could have sworn I heard a collective sigh of relief from the industry after the release yesterday of a compromise health insurance reform bill by Senate Finance Committee Chair Max Baucus.
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