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- PCI Applauds Introduction of the Bipartisan PAID Act
WASHINGTON — Nat Wienecke, senior vice president of federal government relations at the Property Casualty Insurers Association of America (PCI) issued the following statement applauding Representatives Gus Bilirakis (R-FL) and Ron Kind (D-WI) and the introduction of “The Provide Accurate Information Directly (PAID) Act.” This legislation amends the Medicare Secondary Payer policy to provide for transparency and efficiency in reporting information.
“PCI applauds Representatives Bilirakis and Kind for introducing the PAID Act. This commonsense legislation would help injured workers obtain basic information about what Medicare or Medicaid has paid, helping them retain access to proper care and quickly resolve medical liability settlements. This bipartisan bill also establishes clear criteria to review beneficiary’s Medicare and Medicaid plan, providing a clear, efficient settlement process that eliminates harmful and unnecessary administrative costs.
PCI calls on Congress to help injured workers and enact the PAID Act.”
- PCI promotes and protects the viability of a competitive private insurance market for the benefit of consumers and insurers. PCI is composed of nearly 1,000 member companies, representing the broadest cross section of insurers of any national trade association. PCI members write $220 billion in annual premium, 37 percent of the nation's property casualty insurance. Member companies write 44 percent of the U.S. automobile insurance market, 30 percent of the homeowners market, 35 percent of the commercial property and liability market and 37 percent of the private workers compensation market.
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