ping-ponging n.— «Asked about “ping-ponging,” a phrase used to describe how hospitals and insurers negotiate payment over the course of months, without letting consumers in on the secret ping-pong match until they’re stuck with bills they...
good bank/bad bank n.— «American International Group (AIG): NY Posts reports that AIG is considering forming a separate company to hold billions in securities that have dogged its balance sheet for the past several quarters. According to...
enter runoff v. phr.— «It looks like some insurers will “enter runoff,” that is, do no new business and instead collect their premiums as the bonds they insure mature.» —“Ambac, MBIA Finally Have Their ’Peggy Lee...
mini-med n.— «There, employers with less than 25 workers—and at least half of those workers earning less than $41,000—can offer what some insurers call a “mini-med” plan. Premiums can come in at less than $100 per month...
data Valdez n.— «Two articles on health insurer’s privacy problem (from Washington Post and SF Chronicle). Good example of a data valdez!» —“HMO Breaches Members’ Privacy” Usenet: alt.privacy Aug. 23, 2000. (source:...
hammer clause n.— «Many insurance policies have what is known as a “hammer” clause, meaning that the insurer can force the insured to accept a settlement of the claim, unless the insured is willing to forego coverage or accept...