The News Review:
- Health Care Can’t Wait
- Los Gatos chiropractor sentenced to two years for insurance fraud
- AM Best Affirms Ratings of Hatherley Insurance Ltd.
- Time for tax breaks on insurance for children
Health Care Can’t Wait
Washington Post, United States
But again and again, we have come together to surmount the obstacles in our path and realize more fully the promise of America. Last month, the nation took another major step along this path, when Congress approved historic legislation to end discrimination in health care against the millions of Americans who struggle with mental illnesses. This new law ensures that illnesses of the mind are treated the same as illnesses of the body in insurance coverage. It took more than a decade to enact mental health parity legislation. In the end, the stalemate was broken when insurance companies, employers and doctors all agreed with patients that the flawed system of mental-health-care insurance was intolerable. They finally sat down and reached an agreement that is now the law of the land. Our success in achieving mental health parity after years of deadlock is a good omen for broad reform of our overall health-care system.
Los Gatos chiropractor sentenced to two years for insurance fraud
San Jose Mercury News, USA
Robert Arnold Demarco, 42, of Morgan Hill was sentenced Monday by Santa Clara Superior Court Judge Kenneth P. Demarco had pleaded guilty to one count each of felony grand theft and presenting a false insurance claim. Prosecutor Michael Adams said Demarco will serve time in state prison rather than get probation for two reasons: the amount of money involved — $256,916 — and his refusal to make restitution since he was caught in February 2007.
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AM Best Affirms Ratings of Hatherley Insurance Ltd.
MarketWatch
Best remains the leading rating agency of captive insurers rating a
wide variety of more than 200 captives in the United States and
throughout the world. For current Best’s Ratings and independent
data on the captive and alternative insurance market, please visit.
Time for tax breaks on insurance for children
Bangkok Post, Thailand
In order to increase domestic savings and stimulate the slowing economy, the Finance Ministry recently approved a scheme allowing taxpayers to use up to 100,000 baht a year in life insurance premiums (up from 50,000 baht) as a personal deduction from taxable income. This has encouraged many more people to invest in life insurance policies to seek the tax benefit, and has provided the public with an appealing savings alternative in the process. However, such tax incentive does not apply to insurance premiums paid by parents for their children’s policies. This is because the Revenue Code only allows the insurance premium payer to enjoy the tax benefit if the payer himself is the insured.