LONG BEACH, California — The law of unintended consequences is playing out in the wake of the Patient Protection and Affordable Care Act as ramifications “trickle down” through the property/casualty space, said a speaker at the Public Risk Managers Association 2014 Annual Conference in Long Beach, California.Without explicitly setting out to do so, the ACA “will increase claims costs; it will affect premiums,” said Rick Wakefield, speaking Tuesday at a session about the ACAs effect on P/C insurers. Underwriters “will have a difficult time adjusting.”
via Health reform may push medical claims to property/casualty insurers |
