Rss Feed
Tweeter button
Facebook button

ACA altering directors and officers liability coverage pricing: Marsh

Below is an article titled ACA altering directors and officers liability coverage pricing: Marsh that we collected from various sources. All credit goes to its original author.

The Affordable Care Act is altering the price for directors and officers liability coverage for health care companies, a report issued Tuesday by Marsh Inc. finds.

The report, “As Reform Takes Effect, Healthcare DO Rates Increase,” cites Marsh internal data for the third quarter to illustrate that insurers are seeking price increases for DO liability insurance for health care companies. According to Marsh, average primary DO rates for midsize and large health systems increased 9.6% in the third quarter of 2013. Moreover, the report found that 73% midsize and large health companies renewed with rate increases, while 13% saw decreases and 13% remained the same.

The report contends that the rising rates are a reflection of health care organizations’ changing business models and risk profiles as result of the Affordable Care Act. For example, the ongoing consolidation of the health care industry and the growth of accountable care organizations since passage of the ACA in 2010 raises new antitrust concerns, the report states.

“Ongoing merger and acquisition activity and the transition to accountable care organizations and similar networks are creating new exposures for many health care organizations, including antitrust risks,” Mark Karlson, Marsh’s FINPRO health care practice leader said in a statement. “This has resulted in a much more challenging DO market for health care companies. Risk managers should expect to face additional rate increases in 2014 and be prepared to provide underwriters with detailed answers about their response to health care reform.”

Article source: http://www.businessinsurance.com/article/20131211/NEWS06/131219964?tags=%7C338%7C256%7C278%7C305%7C83%7C302%7C303

ACA altering directors and officers liability coverage pricing: Marsh

We also give some image about ACA altering directors and officers liability coverage pricing: Marsh hope you like this, we got this images from arround the web using this related keywords ACA altering directors and officers liability coverage pricing: Marsh .

ACA altering directors and officers liability coverage pricing: Marsh related images

aca altering directors and officers liability coverage pricing ACA altering directors and officers liability coverage pricing: Marsh 200x169
aca altering directors and officers liability coverage pricing image by www.businessinsurance.com
extension isnu t altering aca enrollment strategies the texas tribune ACA altering directors and officers liability coverage pricing: Marsh 800x530
extension isnu t altering aca enrollment strategies the texas tribune image by www.texastribune.org

Speak Your Mind

*

CommentLuv badge