Friday, May 30, 2014

Quote of the Day

“I think that [lacking scale] is a concern when you are looking at smaller [insurers] throughout the country. There is a lot of pressure on them as they meet a lot of regulatory requirements, IT requirements, either with the ACA changes or other things that are going on in the industry like with ICD-10, and all the requirements to really be competitive and maintain a low administrative expense base. Combining resources [like the recent alliance between CDPHP and Independent Health in New York] just makes a lot of sense.”

— Steve Zaharuk, senior vice president at Moody’s Investors Service, told AIS’s Health Plan Week.

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