WASHINGTON (Jan. 26, 2011) The National Association of Mutual Insurance Companies (NAMIC) called on lawmakers and the administration to repeal onerous regulations and enact tort reforms for medical liability, as was mentioned in President Obama’s State of the Union Address last night.
“The president has recognized that, in many cases, needless government regulation is hurting businesses more than it is helping consumers,” said Jimi Grande, senior vice president of federal and political affairs for NAMIC. “As the president calls on American businesses to ‘win the future,’ he must allow them to compete. Eliminating needless regulations and reducing the federal burden on businesses must be a priority."
Specifically, NAMIC strongly supports the president’s call to correct what he called a “flaw in the legislation” that imposes a burden on businesses by requiring a 1099 filing to be made with the Internal Revenue Service for any annual business expenditure to a single vendor of over $600.
"We welcome the president's call for repeal of the 1099 provision in last year’s healthcare law, which he recognized places a needless burden on small businesses, and we hope that Congress will swiftly allow him to sign a repeal of the provision into law,” Grande said.
The president also expressed a willingness to consider reforming the tort system for medical liability claims. As he studies the issue, Grande said he hopes the president will see the need for such reforms to be enacted.
“While we appreciate the president’s willingness to ‘look’ at medical liability reform to reduce frivolous lawsuits, looking alone won’t protect our nation’s doctors from being hit with frivolous lawsuits or drive down medical costs,” Grande said. “We urge the president to support meaningful medical liability tort reforms and actively work with Congress to pass legislation that will reduce the need for defensive medicine and encourage doctors to work in higher risk specialties vital to our nation’s health.”
Both the president in his speech as well as Rep. Paul Ryan, R-Wis., in the Republican response acknowledged the excessive size and growth of the federal government, and a desire to streamline the bureaucracy of Washington to better serve the people. “After the elections of last November, members of both parties have a choice to make between working together to serve the American people, or engaging in partisan bickering that accomplishes nothing,” Grande said. “We at NAMIC look forward to working with both sides of the aisle in Congress and with the Administration to ensure a vibrant and competitive free market that will enable American companies to thrive.”
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Posted: Wednesday, January 26, 2011 1:38:10 PM.
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