Denblue said:
Mayor Fulop correct and the proposed legislation is very bad public policy. It would significantly loosen state regulation of MEWA's and self-insured health plans. It also would undermine the Affordable Care Act.
Especially troubling is the provision to allow third-party investors to set up MEWAs and then share in their financial returns. If these "investors" are not seeing a return on their investment what is the guarantee that they will pay there member's claims and not stiff the providers.
History is replete with MEWA's that have gone bust and have become insolvent. Does anyone remember Pinnacle Healthcare?