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February 13, 2014 at 07:42 AM
A panel that helps set the rules for determining when health insurers are broke is thinking about how to handle a new federal assessment.
The Health Risk-Based Capital Working Group, part of the National Association of Insurance Commissioners (NAIC), recently put drafts of two assessment accounting proposals on its section of the NAIC website.
Regulators, credit rating analysts and others use of RBC ratios to determine whether insurers have enough assets to meet their obligations.
Health insurers and health plans are supposed to pay a total of $8 billion in fees this year through an assessment program created by Section 9010 of the Patient Protection and Affordable Care Act (PPACA).
