Health reform may push medical claims to property/casualty insurers
LONG BEACH, California — The law of unintended consequences is playing out in the wake of the Patient Protection and Affordable Care Act as ramifications “trickle down” through the property/casualty space, said a speaker at the Public Risk Managers Association 2014 Annual Conference in Long Beach, California. Without explicitly setting out to do so, the ACA “will increase claims costs; it will affect premiums,” said Rick Wakefield, speaking Tuesday at a session about the ACAs effect on P/C insurers. Underwriters “will have a difficult time adjusting.”
Health reform may push medical claims to property/casualty insurers
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