This is Disability Insurance Awareness Month, and, sadly, I barely have any time to think about that, let alone actually write articles about that.
It’s also earnings season. I find myself writing upbeat articles about insurance companies that are coping with this or that new marketing rule, or financial risk control measure, by providing less protection to fewer people.
Insurers are withdrawing from markets, selling fewer products within the markets they serve, narrowing the scope of any guarantees they still offer, and, generally, trying to sit quietly in a corner somewhere and not get into trouble.
It’s hard even to pay enough attention to write about all of that because, really, all that seems to matter, going forward, is what happens in Washington, in connection with health insurance, taxes and financial services. Until Washington decides what it’s going to do, or not do, we have no idea whether companies should expect to play chess, checkers or backgammon, let alone what strategy they should use.
The most visible players in Washington still appear to be much more intent on winning at any cost than on making the kinds of compromises that could lead to positive action.