Filed Under:Health Insurance, Individual Health

Fiscal cliff bill slams CO-OPs, creates LTC panel

The new fiscal cliff deal could hurt the nonprofit groups that want to set up Consumer Operated and Oriented Plan (CO-OP) health insurers, but it could end up helping sellers of private long-term care insurance (LTCI).

At press time, members of the House had voted 257-167 to pass H.R. 8,  the "American Taxpayer Relief Act of 2012" bill. The Senate had passed the ATRA bill earlier in the day, and President Obama was preparing to sign it.

The Senate will reimburse commission members for commission-related travel expenses, and the commission will have the authority to ask the U.S. Government Accountability Office and the Congressional Budget Office to conduct studies.

The long-term care (LTC) commission is supposed to develop recommendations for creating "a comprehensive, coordinated, and high-quality" LTC system within six months after the commission members have been appointed.

Featured Video

Most Recent Videos

Prospects not listening to voice mail? Arrange a phone date

Provided by LIFEHEALTHPRO

Redesigning your phone life is more important than finding the “best words” for a voice mail in today’s culture.

Behind the scenes with Vicki Gunvalson [VIDEO]

Provided by LIFEHEALTHPRO

In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI

Provided by LIFEHEALTHPRO

Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's

Provided by LIFEHEALTHPRO

An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Related resources

More Resources

Comments

Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Close
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.