SIIA Chairman and Tokio Marine HCC Employee Jay Ritchie Testifies Before House Education & Workforce Committee on Self-Insurance Protection Act
MyHealthGuide Source: The Self-Insurance Institute of America, 3/1/2017, www.SIIA.org
The U.S. House Committee on Education & the Workforce has concluded a hearing on 3/1/2017 where it heard testimony from SIIA Chairman Jay Ritchie on the Self-Insurance Protection Act (SIPA).
The hearing, entitled "Legislative Proposals to Improve Health Care Coverage and Provide Lower Costs for Families," also considered legislative proposals to implement association health plans, long supported by SIIA, in addition to wellness programs, often a key component of self-insured plans.
During his testimony, Ritchie told committee members, "Self-insurance offers employers across the country a platform to effectively and efficiently manage their healthcare expenditures. The self-insured market is focused on creating cost-effective and beneficial outcomes for employee populations."
The Self-Insurance Protection Act seeks to preclude potential federal regulatory action that could limit access to stop-loss insurance, which would compromise the ability of many employers to sponsor self-insured group health plans. This high profile committee hearing participation is the latest example of SIIA's growing influence and visibility on Capitol Hill.
Click here to read Mr. Ritchie's full testimony.
Click here for a recording of the hearing from the Committee's website.
About SIIA
The Self-Insurance Institute of America, Inc. (SIIA) is a dynamic, member-based association dedicated to protecting and promoting the business interests of companies involved in the self-insurance/alternative risk transfer (ART) industry, both domestically and internationally. Contact Ryan Work, SIIA vice president of government relations, at rwork@siia.org. Visit www.SIIA.org. |
