John Nguyen Affordable health insurance rates - Part 11
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Washington Workers’ Comp Initiative Qualifies for Ballot
An initiative to eliminate Washington’s workers’ compensation insurance monopoly and allow private insurers to offer coverage for workplace injuries has qualified for the November ballot.
Secretary of State Sam Reed certified Initiative 1082 after workers checked a random sample of more than 340,000 voter signatures. About 241,000 signatures are required to qualify.
The I-1082 campaign is led by the Building Industry Association of Washington, a trade group active in conservative politics. Insurers and other statewide business groups also are supporting the initiative.
Washington is one of four states that do not allow private insurers to offer workers’ compensation coverage, although businesses can self-insure.
New York Approves Medical Malpractice Insurance Rate Hike
The average medical malpractice insurance rate increase for New York doctors this year will be five percent. The increase, which took effect July 1, follows two years of rates freezes.
New York State Insurance Superintendent James J. Wrynn, who approved the rates, said the increase “will help hold the line on costs for physicians while giving the insurance companies the resources to pay claims as they come due.”
Wrynn established new base rates resulting in five percent increases for Medical Liability Mutual Insurance Co. (MLMIC), which is the largest medical malpractice insurer with almost 60 percent of the market, and Physicians’ Reciprocal Insurers (PRI), the second largest medical malpractice carrier with almost 30 percent of the market.
Two smaller specialty carriers, Hospitals Insurance Co.
Hurricane Alex Could Reach Land Today in Mexico, Texas
Hurricane Alex strengthened in the Gulf of Mexico early Wednesday and was expected to make landfall later in the day but skirt Mexican oil rigs and U.S.
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