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Article: Messin' with Texas: the self insurance lobby gears up for a funding fight in the Lone Star State.(UPFRONT)
- Article from:
- Risk & Insurance
- Article date:
- April 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 Axon Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A bill under consideration by Texas lawmakers to change the way the state collects revenues on stop-loss insurance carriers would raise the cost of plans for self-insured employers, according to lobbyists for the self-insurance industry.
George Pantos, general counsel for the Self-Insurance Institute of America, the trade lobby representing self-insured employers, said Texas lawmakers were looking to impose a higher tax burden on stop-loss earners to pay for a state insurance fund which is posting an estimated deficit of $30 million to $40 million. "We looked at this (draft bill) and concluded it was a horror," he said.
The assessments could raise the ...