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S&P Predicts Bush-Norwood Bill Would Hit Health Carrier Ratings

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NU Online News Service, Aug. 6, 1:25 p.m. – Standard & Poor’s Corp., New York, says enactment of H.R. 2563, the Bush-Norwood managed care legislation recently enacted by the U.S. House of Representatives, would affect the credit ratings of many health insurers and managed care companies.

Debate over the bill comes at a time when health coverage premiums and the underlying health care costs are already rising, S&P notes.

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But S&P says it will wait to see what managed care bill, if any, President Bush actually signs before changing any carrier ratings.