Search
 
Commentary

Health Care Laws That P&C Carriers Should Heed

Recent laws have set into motion initiatives that will benefit and simplify the business of health care, and we should be prepared to embrace and accept these as inevitable in P&C.

By Tom McCarthy | Updated on May 06, 2011

ARRA, HIPAA, PPACA, EIEIO, Mickey Mouse! Whew! Try to follow those acronyms or figure out which one is telling us what to do. Regardless of challenges to PPACA, each of these alphabet soup laws has set into motion initiatives that will benefit and simplify the business of health care, and we should be prepared to embrace and accept as inevitable in P&C.

First, let’s look at Health Insurance Portability and Accountability Act of 1996 (HIPAA). P&C, while initially intended to be covered, was left at the altar by HIPAA and not considered “covered entities” as were health plans and some of their trading partners. This gave P&C hall passes on complying with EDI standards, yet we still had the responsibility for privacy and security under a number of other laws. What was an escape from an administrative burden actually has many out in left field unprepared for the upcoming moves towards simplification through electronic commerce.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.