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HEALTH INSURANCE PROVIDER TO HOST FORUM WITH LOCAL CONGRESSIONAL REPRESENTATIVES TO DISCUSS IMPACT OF HEALTHCARE REFORM

 COMPANY CHAIRMAN TO PRESENT POSITION PAPER OUTLINING ALTERNATIVE
 HEALTHCARE PROPOSALS
 CINCINNATI, Jan. 17 /PRNewswire/ -- Local employees, agents and associates of Pioneer Financial Services, Inc. (NYSE: PFS), an insurance and healthcare service holding company with operations here, will host a forum with congressional representatives on Tuesday, Jan. 18, to discuss the Clinton administration's proposed healthcare reforms.
 The meeting will be held at 4 p.m. at the Westin Hotel, 21 E. 5th St. Taking part in the session will be Rep. David Mann (D-1st). A representative from the office of Sen. John Glenn also will attend.
 The representatives will hear the concerns of PFS employees and others in the health insurance industry whose companies could be adversely affected if the administration's healthcare proposals are implemented. PFS is a national company with more than 1,600 employees, thousands of agents and over 700,000 insureds across the country.
 Several hundred people are expected to participate in the session. "The course of federal healthcare reform could directly impact the employment of these individuals, as well as the healthcare choices and freedom of all Americans," said Peter W. Nauert, chairman of PFS.
 Nauert continued, "Our company agrees that federal healthcare reform is necessary. However, we believe there needs to be much more discussion on this subject before a final program is developed. We feel strongly that our elected representatives need to hear directly from their constituents so they can consider the impact of any of the proposed programs."
 Nauert will present a position paper to the representatives outlining the company's views and several alternatives to the Clinton administration's proposal for healthcare reform.
 The position paper was developed by PFS in conjunction with the Coalition for Universal Healthcare, a Washington, D.C.-based nonprofit organization. (A one-page summary of the paper is attached.)
 PFS, through the operation of its subsidiaries, provides marketing, insurance underwriting and managed healthcare related services throughout the United States.
 UNIVERSAL ACCESS -- Freedom of Choice for America
 The Coalition for Universal Healthcare and Pioneer Financial Services, Inc. (PFS) support healthcare reforms which protect America's freedom of choice. Reforms should correct what is wrong with the system, while preserving what is best about American healthcare:
 -- Freedom of choice
 -- Consumer choice of doctors, hospitals, healthcare plans
 -- Continued development of life saving technology
 -- The highest quality of care in the world
 All Americans want the security of access to quality healthcare. The Coalition and PFS believe that universal access can be achieve through the following program:
 1. FREEDOM OF CHOICE
 This is the first and foremost. If reform programs take
 away freedom of choice. Americans will lose one of their
 most important values. Our American healthcare system has
 been built upon Americans' right to choose doctors,
 hospitals and healthcare plans on an individual basis. This
 freedom should not be removed.
 2. ELIMINATION OF PRE-EXISTING CONDITION LIMITATIONS ON BENEFITS
 Once Americans are insured, they should not be denied coverage
 for pre-existing conditions.
 3. WORKPLACE HEALTH COVERAGE REQUIREMENT
 The Coalition and PFS believe that a minimum health benefit
 package through the workplace should be required (paid either by
 the employer and/or employee). This should be phased in over a
 five-year period with federal legislation requiring states
 to adopt regulations based on federal guidelines.
 4. NATIONAL HIGH-RISK AND LOW-INCOME POOL
 For the 2-3 percent of the population who are truly
 "uninsurable" and those who cannot afford to purchase
 private insurance. Pool would be administered by states and
 funded nationally through broad-based taxes, special use
 taxes and a national tax on medical providers and insurers.
 5. GUARANTEED PORTABILITY
 No American should lose health coverage by changing jobs or
 moving.
 6. TAX EQUITY
 The Coalition and PFS propose full 100 percent tax
 deductibility for small businesses or individuals who pay
 for their own health insurance.
 7. TORT REFORM
 Establish reasonable limits on awards to reduce "defensive
 medicine" costs.
 8. ANNUAL NATIONAL MEDICAL BUDGETING FOR MEDICARE AND MEDICAID
 Government to control costs on government programs; private
 insurance will control costs through free market competition.
 9. STATE IMPLEMENTATION
 The Coalition and PFS believe the federal government should
 design the healthcare reform package on a uniform basis,
 with states implementing the programs. States have agencies
 already in place; there is no need to create new federal
 bureaucracies.
 -0- 1/17/94
 /CONTACT: Nancy L. Zalud of Pioneer Financial Services, 708-995-0400; Beth Hoover or Margie Baigh, 312-266-7800 both at FRB/Chicago/
 (PFS)


CO: Pioneer Financial Services, Inc. ST: Ohio IN: INS HEA SU:

SP -- NY032 -- 1271 01/17/94 10:59 EST
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Publication:PR Newswire
Date:Jan 17, 1994
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