Mastering The ACA Compliance & Regulatory Maze

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ACA and its blizzard of ever-changing regulations has created a challenging environment for even the most proficient advisors. We asked Arthur Tacchino, Chief Innovation Officer & Principal of Sync-Stream Solutions, to discuss those challenges and to examine some of the ways advisors can master and profit from providing their clients with expert and timely advice.

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Collapse of Southport Lane’s Insurance Empire

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Alexander Chatfield Burns

A 28-year-old ‘financial prodigy’ built a hundred million dollar insurance empire that now might be worthless (see article at end of this post)

An insurance empire that included two insurance carriers, two offshore reinsurers, several buildings and other insurers’ investments was built by a private equity firm in part on questionable assets and is now being dismantled, according to the Wall Street Journal.

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Hospital Price Gouging Driving Up Healthcare Costs?

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Victor Lustig “Why didn’t I think of this!

THE FALLACY OF HOSPITAL CHARGEMASTERS 

“Hospital industry claims that the charges  don’t matter because few actually pay the “list” price “defy common sense,” Burger said. “If there is no reason for the high prices, why bother charging them?” Burger asks.  See Hospitals Dismiss Significance Of Chargemaster Prices?

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Cash Health Plans Make Sense

Asserta Health provides enabling infrastructure for “cash” health plans that deliver significant cost savings by eliminating the “value drain” associated with the typical payment process. The entire healthcare transaction is simplified, transparent, and supported by a service model that effectively frees clinical and financial resources to focus on improving the cost, quality, and efficiency of the care itself. The result is a better healthcare experience—and outcome—for the consumer, the provider and the payer.

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Will H.B. No. 3453 Destroy TRS ActiveCare?

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Texas state representative J. M. Lozano filed House Bill (3453) on March 12, 2015. If passed the bill will take effect on September 1, 2015 and will allow participating school districts to leave TRS ActiveCare.

School districts currently participating in the TRS ActiveCare program are prohibited from leaving.

If districts are allowed to come and go as they please, adverse selection will begin an irreversible death spiral – TRS ActiveCare could end up being an insurer of last resort.

Should HB 3453 become law many expect a strong “run on the bank.” Will El Paso Independent School District be the first to leave? See El Paso ISD Votes To Leave TRS ActiveCare

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Drug Makers Form Alliance With Idiots

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“With the price of some treatments topping $100,000, patient (idiot) groups are pushing for state laws to make sure carriers (mean & nasty insurance companies) cover most of the costs. Their campaign is backed by an important ally: the drug industry.”

What these mental giants don’t seem to understand is that they are paying these costs through higher insurance premiums. The mean and nasty insurance companies simply pass on costs while taking their cut at the same time. And, with the Minimum Loss Ratio mandate in place the more the costs the more insurance companies are allowed to make. So these idiots are actually  screwing themselves by helping pharmacy manufacturers and insurance companies earn more money at their expense.

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A Closer Look at Berkshire Hathaway’s Insurance Operations

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“And all of this began with our 1967 purchase of National Indemnity for $8.6 million,” Buffett wrote…..“Last year, our premier position in reinsurance was reaffirmed by our writing a policy carrying a $3 billion single premium”

“How much is the premium did you say Warren, $3,000,000,000 for a single policy? 

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The Secrets of AmeriPlan® Corporation’s Discount Dentistry Uncovered

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By Darrell Pruitt, DDS

Until now, those who sell discount dentistry plans like Delta Dental, BCBSTX and AmeriPlan have always been less than transparent with naïve, vulnerable consumers about how their AmeriPlan-preferred dentists can discount their fees up to 80%, and still make a living.

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