PIA Praises House Passage of PACE Act
PIA is praising passage by the House of Representatives of the Protecting
Affordable Coverage for Employers (PACE) Act (H.R. 1624/S. 1099). The
legislation would enable states to keep the current definition of a small
group market in health insurance at 50 or fewer employees. PIA actively
lobbied for passage of the bill, which was approved
under suspension of the rules on Sept. 28.
"This bill will allow small and mid-sized businesses to continue to provide
affordable healthcare coverage to their employees, without interference by
the federal government," said PIA National Executive Vice President &
CEO Mike Becker. "It will mitigate premium increases and market disruption.
PIA thanks the House for approving this important legislation by unanimous
consent and we urge the Senate to quickly follow suit."
Support Continues to Build For
Repeal of Cadillac Tax
The effort to repeal the Cadillac Tax is continuing to gain support.
It is also becoming more bipartisan, as 11 Senate Democrats just
announced their support for repeal of the provision of the Affordable
Care Act (ACA) which, starting in 2018, would impose a 40% excise tax
on the portion of health plan premiums exceeding $10,200 for single
coverage and $27,500 for family coverage.
PIA strongly supports repeal of the Cadillac Tax and has joined with
a diverse coalition of business interests including the U.S. Chamber
of Commerce in opposition. PIA has
endorsed a repeal bill introduced
in the Senate (S. 2045) by Sens. Dean Heller
(R-NV) and Martin Heinrich (D-NM), along with a companion bill in the
H.R. 2050) by Rep. Joe Courtney (D-CT).
Opposition from Democrats in the Senate significantly broadens the
opposition to the Cadillac Tax. It includes veteran lawmakers such as
Sens. Charles Schumer (D-N.Y.) and Pat Leahy (D-Vt.), along with Vermont
independent senator and presidential candidate Bernie Sanders (I-Vt.).
What It Means to Agents: PIA opposes the Cadillac Tax because it will
negatively impact the employer-sponsored health insurance market that
millions of middle class Americans rely on. It will impact not just
high-benefit plans, but moderate-benefit plans and it could have a
disparate impact on the age, gender, family-size and geographic location
of an employer's workforce.
Top NFIP Flood Payout States in 2014
In 2014, major flooding in the U.S. resulted in more than $373 million
in claim payouts through the National Flood Insurance Program (NFIP),
according to statistics from the Insurance Information Institute (I.I.I.).
Using information compiled from U.S. Department of Homeland Security
(DHS) and the Federal Emergency Management Agency (FEMA), I.I.I. found
that the average 2014 NFIP claim was $29,033.
Florida ranked as the state with both the highest amount of payout and
the highest number of claims, with $115.84 million paid out on 3,823
claims. The mid-Atlantic states of Pennsylvania, New York, Maryland
and New Jersey ranked among the top 12 states with the highest claims
here for the rankings of claims