NAIFA President Comments on Passage of Health Care Bill
Contact:
Lorri Ragan, AVP, Communications and Marketing, NAIFA
(703) 770-8203
FALLS CHURCH, VA (March 22, 2010) — The National Association of Insurance and Financial Advisors (NAIFA) President Tom Currey, CLU, ChFC, LUTCF, issued the following statement today in response to House passage of H.R.3590, a health insurance reform bill passed by the U.S. Senate in December:
“NAIFA members are pleased that Congress has recognized the positive role that health insurance agents can play in helping small businesses and individuals acquire appropriate health insurance plans. The new legislation makes it possible for agents to continue to perform their traditional role.
Additional work needs to be done before Congress is finished with legislating healthcare/insurance reform. The so-called ‘sidecar’ bill strengthens the individual mandate, and we support that. On the other hand, we think the proposed 3.8% Medicare tax on the unearned income, including annuity payments, of higher income earners, sets a very bad precedent and should be dropped from the reconciliation package. We need to encourage people to put at least some of their retirement funds into lifetime annuities – not discourage them. This proposal will certainly do the latter.”
About NAIFA: The National Association of Insurance and Financial Advisors comprises more than 700 state and local associations representing the interests of approximately 200,000 agents and their associates nationwide. NAIFA members focus their practices on one or more of the following: life insurance and annuities, health insurance and employee benefits, multiline, and financial advising and investments. The Association’s mission is to advocate for a positive legislative and regulatory environment, enhance business and professional skills, and promote the ethical conduct of its members.
NAIFA, 2901 Telestar Court, Falls Church, VA 22042-1205 | 877-866-2432 |