Workers Compensation and the Stimulus Package - Part I

I wanted to cover the bullet points from my previous blog post.

 

In looking at the bullet points, some of these have been covered by me in detail over the past few weeks. 

The continued bailouts of the insurance companies will distort the market as this will allow them to be more competitive than they should be in quite a few areas.  Some insurance carriers have already been accused of low-balling on bids to win the business.  There are numerous articles on this point.  The GAO has launched an investigation into one specific insurance company's practices on bidding.

I had totally disagreed with the federal government allowing insurance companies to become quasi-banks/holding companies as this will distort the insurance markets even further.  This is just another method to obtain more bailout funds. 

  
I will cover the other three bullet points in my next blog post.