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US: ACA antitrust threat hikes liability fees, says report

 |  December 17, 2013

Amid growing concerns of antitrust problems resulting from the newly-implemented Affordable Care Act, a new report released last week says that healthcare organizations paid more in the third quarter of 2013 for liability insurance for their directors and officers.

According to the study, conducted by Marsh Risk Management Research, liability insurance costs rose 9.6 percent in the quarter for large and midsized organizations.

The study, titled “As Reform Takes Effect, Health Care D&O Rates Increase,” also found the ACA, sometimes referred to as “Obamacare,” lead to swift consolidation within the healthcare industry since its 2010 passage. The study found that that consolidation led to growing threats of antitrust violations. “Risk managers should expect to face additional rate increases in 2014,” the study said.

Full Content: Insurance Journal

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