Business owners, what’s more frustrating than your healthcare premiums going up 15% again this year? Not getting any meaningful information WHY!
Turn Key Solutions is in a unique position to help Louisiana small business owners. We are leveraging our expertise in Healthcare Information Technology (HIT) to push through House and Senate bills that would give small business owners much more control over one of our biggest expenses—healthcare insurance benefits.
Currently at annual renewal time, Louisiana small business who ask why their premiums went up so much (again) receive scant information—just a claims-to-premium ratio. As co-owner and CFO of Turn Key Solutions, I recently testified at a House Insurance Committee meeting in support of Representative Huval’s HB989. A simple ratio is not enough to go on to make business decisions about such a significant business expense! HB989 forces providers to disclose much more information so owners can make sure they are getting the coverage that best fits their employees’ needs and at the most competitive price.
Insurance providers have vigorously opposed this and similar legislation that shift some control from the powerful providers to small businesses. Often their opposition has been hidden behind misleading claims that the release of this information would either violate HIPAA and HITECH rules regarding disclosure of Protected Health Information (PHI) or put small businesses and their employees at greater risk of privacy violations.
Turn Key Solutions (www.tkshealth.com) specializes in Healthcare Information Technology—we help our clients comply with HIPAA and HITECH. I testified in front of the House Committee that this bill does not require disclosure of any of the 18 components of PHI and that similar, more expansive legislation has been on the books in Texas for 5 years without a single HIPAA violation suit.
HB989 passed through committee without objection.
In addition to serving the technology needs of our clients, we are also frequent advocates for small business on issues that affect our ability to operate effectively and profitably. I am co-chair of the Baton Rouge Area Chamber’s Small Business Council Advocacy Committee and serve on the National Federation of Independent Business (www.NFIB.com) Louisiana Leadership Council. I will testify again in support of similar legislation in the Senate, SB283, in May.
If you are a small business owner and want to support this legislation, call us and join the fight.
-- John Overton