Healthcare Overhaul

Insurers ReClassify Admin Expenses as Medical Expenses to Circumvent New Regs

The deadline for doing so isn’t until the first of next year, but already some of America’s largest health insurance companies are changing their accounting to reclassify administration costs as medical expenses, in order to work around industry reforms mandated by the recently-passed health care overhaul, says news agency Reuters, reporting on a U.S. Senate […]