SIIA Chairman Jay Ritchie Testifies on Self-Insurance Legislation
House Education & Workforce Considers Self-Insurance Protection Act
March 1, 2017- The U.S. House Committee on Education & the Workforce has concluded a hearing today where it heard testimony from SIIA Chairman Jay Ritchie on the Self-Insurance Protection Act (SIPA). The hearing, entitled "Legislative Proposals to Improve Health Care Coverage and Provide Lower Costs for Families," also considered legislative proposals to implement association health plans, long supported by SIIA, in addition to wellness programs, often a key component of self-insured plans.
During his testimony, Ritchie told committee members, "Self-insurance offers employers across the country a platform to effectively and efficiently manage their healthcare expenditures. The self-insured market is focused on creating cost-effective and beneficial outcomes for employee populations."
The Self-Insurance Protection Act seeks to preclude potential federal regulatory action that could limit access to stop-loss insurance, which would compromise the ability of many employers to sponsor self-insured group health plans. This high profile committee hearing participation is the latest example of SIIA's growing influence and visibility on Capitol Hill.
If you have questions on the hearing or would like more information on SIIA's advocacy activities, please contact Ryan Work, SIIA vice president of government relations, at email@example.com.
For a more complete understanding of public policy developments that may affect the self-insurance marketplace, make plans to attend SIIA's Legislative/Regulatory Conference, scheduled for May 2-4, 2017 in Washington, DC. Sign up before this Friday and take advantage of discounted early bird registration fees. Event details can be accessed on-line at www.siia.org, or by calling 800/851-7789.