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Travelers Cites Affordable Care Act Effects on P&C Industry

Wednesday, February 12, 2014 | 0

A 15% increase in demand for a fixed supply of health care coverage is one of the Affordable Healthcare Act components expected to affect the property and casualty industry, according to a newly released white paper by the Travelers Workers' Compensation Claim Services.Medical trends impact workers' compensation, general liability, and auto insurance costs, which make up about 5% of health care revenue, the Travelers paper reported. Prior to the ACA, medical severity in workers' compensation almost doubled that of indemnity severity, rising 275% between 1991 and 2010, accordin...

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