Insight, analysis & opinion from Joe Paduda
The Ohio Bureau of Workers’ Compensation announced that it will be significantly reducing reimbursement to hospitals . Cuts will be 21% for inpatient and 17% for outpatient services, and are slated to go into effect October 1, 2005. Estimates of … Continue reading Ohio Workers Comp to cut hospital reimbursement
Read More...Managed care firm CorVel recently announced its results for the most recent quarter; revenues are down 7% and EPS dropped 12.5%. The company attributed its poor returns to soft claims volume in the workers comp sector (the source of most … Continue reading CorVel earnings report
Read More...Back to my review of the audit of Broward County School Board’s workers comp program. My last post focused on some of the specific problems identified in the Broward School Board work comp audit. This post will concentrate on more … Continue reading Broward County Workers’ Comp problems – part three
Read More...An analysis of hospital expenses in Ohio indicates that the Bureau of Workers’ Compensation paid $1.6 billion for services that cost the hospitals less than $1.1 billion to provide. The mark-up, some $544 million, has been described by various stakeholders … Continue reading More trouble for Ohio
Read More...In 2003 Colorado changed its auto insurance law from one in “which all drivers were required to have coverage for treatment of any injuries resulting from auto accidents to a system in which just the driver at fault pays.” The … Continue reading Auto insurance and the uninsured
Read More...It appears increasingly unlikely that the Terrorism Risk Insurance Act will be renewed in its present form. A report filed by Treasury Sec. John Snow claims the robust economy is justification for its’ position that the Act is no longer … Continue reading TRIA – the Terrorism Risk Insurance Act’s future
Read More...If health insurance premiums continue to increase by 10% annually, the percentage of working adults in California with employer-based coverage will decrease from 58% to 53% within five years. The finding, from a study by the University of California-Berkeley, also … Continue reading Premium increases’ impact on uninsurance
Read More...AIG is still in trouble. The latest announcement indicates the firm is still unable to unravel the complex financial transactions that are causing distress in Mr. Spitzer’s offices, and thus will be unable to report their audited results (as previously … Continue reading AIG’s problems continue
Read More...The property and casualty industry had a banner year in 2004, making money on an underwriting basis for the first time since 1978. The combined ratio of 97.9, combined with investment profits produced a return on equity of 10.4%, a … Continue reading Property and Casualty 2004 results
Read More...A new study on the uninsured provides a clearer picture of who they are, their employment status, and where they live. Minnesota has the lowest uninsured rate at 8.3%, followed by Hawaii at 9.8% and Delaware at 10.2%. At the … Continue reading Most of the uninsured are employed…
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