Bill Introduced to Simplify Medicare Set-Asides

A bill introduced to Congress Thursday would vastly reduce the number of Medicare set-asides in workers' compensation by exempting settlements of less than $250,000 and payouts for injured workers who are not likely to receive Medicare benefits in the next 30 months. The American Insurance Association applauded introduction of the 'Medicare Secondary Payer and Workers' Compensation Settlement Act of 2006,' sponsored by Reps. Clay Shaw, R-Fla. and John Tanner, D-Tenn. ""There are a number of costly problems and delays in enforcing the MSP for workers' comp settlements," said Bruce C. Wood,...