Parca


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Parca

ancient Greek goddess of childbirth. [Gk. Myth.: Kravitz, 59]
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Finally, PARCA would do for health insurance what ERISA did for pension plans.
If PARCA were voted on by the House today, I believe it would pass with more than 300 votes.
They will claim that reforming ERISA will place employers at risk for medical malpractice suits, in spite of the fact that PARCA specifically protects employers from liability.
Another very practical concern in assessing the impact of bills like PARCA concerns the enforceability of such legislation.
The PARCA office has a relatively limited staff, and reporting deadlines for breaches are short-less than 2 months.
Work has to proceed in parallel so that the required products can be delivered to the PARCA office in a timely manner.
PARCA would force insurers to maintain a "quality improvement program" and disclose to enrollees the portion of each premium dollar that goes to marketing.
PARCA states, "No insurance issuer may discriminate.
PARCA is sponsored in the House of Representatives by Representative Charles Norwood (R-GA) and in the Senate by Senator Alfonse D'Amato (R-NY).
Many have declared PARCA dead, but it has spawned a series of "work groups" on Capitol Hill developing alternatives and is under attack through a major advertisement campaign by employers and insurers.
Overall, PARCA would create an estimated 300 new mandates for fully insured plans and more than 200 new mandates for self-insured employers, according to a report sponsored by Washington, D.
PARCA also raises the specter of employers losing the ERISA preemption, which exempts self-insured health plans from state law and regulation.