Comment.Taking Responsibility The article "Multiple-Choice Question" (August 2002) was most informative. Unfortunateiy, you failed to expand on the profound statement by Ben Cutler, president and chief executive officer of Fortis Health, that reads, "It's pretty hard to change people's behaviors without economic consequences, and that's the element that is now missing in most of these programs." I believe that one of the most effective ways to promote wellness is to target individuals who do not take responsibility for maintaining and improving their own health. If these persons were required to pay somewhat more for their health insurance but not so much that they are likely to opt out of having and retaining coverage, you would have a win-win program for those who would be paying more and for the majority who would not. The stumbling block stum·bling block n. An obstacle or impediment. stumbling block Noun any obstacle that prevents something from taking place or progressing Noun 1. is HIPAA's nondiscrimination non·dis·crim·i·na·tion n. 1. Absence of discrimination. 2. The practice or policy of refraining from discrimination. non rules. M. Lloyd Baum Baum Insurance Services Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. In the Spotlight * "Strict regulations governing contractor licensing, worker training and certification would professionalize pro·fes·sion·al·ize tr.v. pro·fes·sion·al·ized, pro·fes·sion·al·iz·ing, pro·fes·sion·al·iz·es To make professional. pro·fes the mold-remediation industry, just as regulations weeded out unqualified contractors in the asbestos-abatement industry about 16 years ago." Burton T. Fried President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. LVI Services "Companies are looking at captive insurance Captive insurance companies are limited purpose insurance companies established with the specific objective of financing risks emanating from their parent group or groups, they sometimes also insure risks of the parent company's customers. probably much more aggressively than they had before, because of the difficulty in obtaining some coverages, and probably also because of the tremendous increase in premiums. It's a very, very busy time in this industry." Molly Lambert President and COO Vermont Captive Insurance Association "I'm stunned stun tr.v. stunned, stun·ning, stuns 1. To daze or render senseless, by or as if by a blow. 2. To overwhelm or daze with a loud noise. 3. by our stock price. When anyone sneezes, it seems like Trenwick has pneumonia." James Billett Jr. Chairman, President and CEO Trenwick Group Ltd "Our view in Illinois remains that the best environment for consumers in the long run is a market-based competition being used to regulate rates." Nat Shapo Director of Insurance State of Illinois "It's clear some people in positions of responsibility have abused that privilege, and yes, that's impacted us in the short term. [But] most corporate managers are honest, caring and committed to doing what is right." John J. Schiff Jr. Chairman and CEO Cincinnati Financial Cincinnati Financial Corporation (NASDAQ: CINF) offers property and casualty insurance, its main business, through The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company. Corp. "While there are advantages to no-fault from an efficiency point of view, there's the big disadvantage in the disincentive dis·in·cen·tive n. Something that prevents or discourages action; a deterrent. disincentive Noun something that discourages someone from behaving or acting in a particular way Noun 1. on safety for the drivers, and so if you're going to adopt a no-fault system, make sure you also adopt a system such that insurers can rate the drivers based on their driving behavior." Richard D. Phillips Associate Professor of Risk Management and Insurance Robinson College of Business * excerpted from BestWeek |
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