PIA on the Buy Button in Rough Notes
The March 2017 issue of Rough Notes magazine has a
feature article on the Buy Button as conceived by PIA.
PIA National Vice President/Treasurer Keith Savino, a managing partner of
Warwick Resource Group LLC, who is a former ACORD board member and current
past chairman of NetVU (Network of Vertafore Users), is interviewed in the
Savino advocates a concept called the Buy Button and is working with
an initiative spearheaded by PIA, with initial support from ACORD, agency
automation vendors, other agent associations, and insurers, all dedicated to
providing independent agents access to a real-time binding process. PIA has
launched a major initiative to promote the Buy Button.
"PIA National took a leadership role," says association Executive
Vice President and CEO Mike Becker. "Part of the impetus was PIA Partnership
research showing that commercial lines customers who prefer to do business
with independent agents nevertheless want their agents to be fully capable,
digitally." PIA adopted a position in support of the concept, which has been
endorsed by the American Insurance Marketing & Sales (AIMS) Society and NetVU,
among other organizations.
Read the full article.
House GOP Reveals ACA Replacement Plan
House Republicans unveiled their much anticipated health law replacement plan
on March 6, slashing the law's Medicaid expansion and scrapping the requirement
that individuals purchase coverage or pay a fine. But they opted to continue
providing tax credits to encourage consumers to purchase coverage, although
they would configure the program much differently than the current law.
The legislation would keep the health law's provisions allowing adult
children to stay on their parents' health insurance plan until age 26 and
prohibiting insurers from charging people with preexisting medical conditions
more for coverage as long as they don't let their insurance lapse. If they do,
insurers can charge a flat 30 percent late-enrollment surcharge on top of the
base premium, under the Republican bill.
Read more about the GOP plan from the non-partisan
Kaiser Health News.
The legislation has been the focus of intense negotiations among different
factions of the Republican Party and the Trump administration since January.
Complicating the effort is the fact that Republicans have only 52 seats in
the Senate, so they cannot muster the 60 necessary to overcome a Democratic
filibuster. That means they must use a complicated legislative strategy called
budget reconciliation that allows them to repeal only parts of the ACA that
affect federal spending.
Some conservative Republicans such as Sen. Rand Paul (KY) have
criticized the new GOP plan as "Obamacare Lite," while Democrats quickly
condemned the bill.
READ: Selling Health Insurance Across State Lines
Won't Save Money
Both the Energy and Commerce and Ways and Means Committees are scheduled to
mark up the legislation Wednesday. The committees do not yet have any
Congressional Budget Office analysis of how much the legislation would cost
or how many people it would cover.