By Liam Sigaud, American Consumer Institute For years, the National Flood Insurance Program (NFIP), which maintains a near-monopoly over the flood insurance market in the U.S. and covers more than 5 million properties nationwide, has been drowning in red ink. Without significant reforms, it will only get worse. The NFIP, which is overseen […]
Tag: insurance
As Natural Disasters Become More Frequent, Climate Change Mitigation Is Critical
By Liam Sigaud, American Consumer Institute As the U.S. economy continues to be stifled by the outbreak of the COVID-19 pandemic, the potential for other major disasters loom and provide warnings of the importance of preparation and planning. The effects of climate change on the U.S. depend not only on the extent temperatures rise, […]
Employers: Let’s make benefits better for chronic diseases
By Josh Smiley, CFO, Eli Lilly It’s no secret the growing prevalence of high-deductible health plans falls hardest on those with chronic diseases. A survey by the Los Angeles Times and the Kaiser Family Foundation found that people covered by an employer high-deductible health plan, who have at least one family member with […]
Florida Bill Addresses “Sue and Settle” Bad Faith Claims
By Alan Daley, American Consumer Institute A bill (SB 924) was introduced in the Florida Senate relating to third-party bad faith actions against insurers. SB 924 is a successor to a bill that was allowed to die last year. The bill is an attempt to quell ridiculous damage awards for so-called “bad […]
Lower Health Care Costs Act: Good Intentions, Bad Idea
By Andy Blom, TES Contributor When setting policy that affects millions of Americans every day, Congressional leaders should create a policy that is well-intentioned without producing unintended consequences. Unfortunately, that appears too much to ask for when it comes to the Lower Health Care Costs Act (LHCC) currently being proposed by Senator […]
Price Controls Consistently Fail Consumers: Why does Congress keep hoping that next time they will work?
By George Landrith, Frontiers of Freedom Government mandated price controls do not work. The intentions of Members of Congress when passing such government mandated price controls may or may not be good, but intentions are not the issue. Even if their intentions are good, the results will not be. That is the bottom […]
Telehealth can help America get back to work quicker
By Davis Warnell and Andrea O’Sullivan, courtesy of the Mercatus Center When employees get sick, it’s like their companies get a little sick, too. Employee health can have dramatic impacts on company productivity. The Integrated Benefits Institute estimates that poor employee health imposes $880 billion in annual costs, which includes a $530 billion deficit […]
Greater price transparency will reduce medical costs
Price transparency is an obvious driver of effective market dynamics: the more buyers and sellers know about the actual cost factors underlying the prices of competing products and services, the better equipped they will be to compare their relative value (or lack thereof) and make […]
UK should tax income from wealth like work income
The UK should rationalize its tax system with reforms that would treat income derived from wealth (e.g. capital gains from stock holdings) the same as income derived from work, argues Shreya Nanda in an op-ed for CapX. While it will hardly be popular with rich […]
Public-Private Partnerships Are Key to Universal Health Care
While most countries have pledged to establish universal healthcare (UHC) – typically in their constitutions or as part of international treaties – it’s no surprise that when it comes to implementation, reality generally lags far behind promises on paper. However there’s an important potential force multiplier: cooperation with the private sector, all […]