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FOR IMMEDIATE RELEASE
OLDWICK - AUGUST 15, 2014 02:41 PM (EDT)
This episode of A.M.BestTV closes out the third day of the annual Vermont Captive Insurance Association (VCIA) Conference, which brought together more than 1,100 brokers, consultants, insurers, captive owners and managers to discuss alternative risk transfer. In this episode, Les Boughner, Deputy CEO, Willis Global Captive Practice and John Lochner, Director, Towers Watson discuss how The Patient Protection and Affordable Care Act (PPACA) and larger health care organizations are creating new, larger roles for captive insurance organizations.
Boughner stated, "We are really seeing a tremendous amount of new activity in new formations as well as the addition of coverage to existing ones, which is really driven by the entire change in risk profiles under the PPACA, since companies now have to provide lifetime maximums and can no longer exclude pre-existing conditions." Lochner added, "The PPACA is resulting in a continuing acceleration of physicians seeking employment typically by joining with hospitals. As a result, these health care providers that have captives have to address these physicians' prior acts as they come into captives."
Click on http://www.ambest.com/v.asp?v=vica3814 to view the video program. Full conference coverage can be seen at http://www.ambest.tv/vcia .
Other people who appear in this episode include:
Full-length interviews from day three of the event also are available for viewing:
Recent episodes of A.M.BestTV include:
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