From Deseret News archives:
IHC dodges 3% tax
Deal reached for task force to study health-care firm
A proposed tax on the health-care and medical insurance provider has been dropped, and a task force will take on an exhaustive review of IHC operations.
A memorandum of understanding was reached Thursday by IHC officials and legislative leadership. The 3 percent gross receipts tax against the health-care organization in SB61 is now gone, replaced with the assurance of IHC's "full cooperation" with a task force that will study, among other things:
Market penetration, geographic distribution and contracting arrangements in the health insurance and health-care markets of the state.
The adequacy and application of antitrust provisions to health-care organizations and the tax exempt status of IHC.
Business and financial practices of health-care organizations and how they impede or enhance a fair or competitive marketplace.
Sen. Michael Waddoups, R-Taylorsville and sponsor of SB61, said he's aware many of the people who complained to him about IHC's dominance in the marketplace may be disappointed.
"This has been a lot of pressure and a lot of community concern, patient concern, business community concern." Now, he said, "after we get this all put together, we're going where I wanted to go when we started. We're going to find out what people are concerned about in the community, we're going to find out what IHC's efforts have been."
Under the agreement, announced by Sen. John Valentine, R-Orem, House Speaker Greg Curtis, R-Sandy, and IHC officials, the health-care organization will hand over its business records, including contracts, cost information, billing practices, debt-collection practices and charitable service practices.
Valentine conceded that the agreement is not legally binding but added, "it is enforceable in the court of public opinion."
Waddoups said he believed the threat of a tax was a way to get "strangers" to the negotiating table over complaints brought by consumers and other providers, such as hospitals, doctors and others in the health-care field who feel squeezed out by IHC's practices.
IHC President Bill Nelson said the organization welcomes the scrutiny, in part because it will be "data-based," not derived from anecdotal information that is hard to refute.
Comments
- Eisenhower home oozes charm 5:54 p.m.
- New designation for Clinton Museum 5:54 p.m.
- RDP brings family-oriented 'Joyride II' 5:54 p.m.
- Sculptor turns scrap metal into art 5:54 p.m.
- Art canvas 5:54 p.m.
- Galleries 5:54 p.m.
- BYU exhibit evokes identity questions 5:54 p.m.
- Literary footnotes 5:54 p.m.
- Bookmarks 5:54 p.m.
- 'Murder' exciting, fast-paced tale 5:54 p.m.
- Apostle's wife felt comfort in attack
- Can BYU root for (ick) Utah Utes?
- Short-handed Jazz fly past Sixers
- D-Will home for daughter
- Bench proves fruitful for Y.
- Utes excited for 'dream' game
- Born of water and the spirit
- Snowstorm hits Utah; 1 dead in crash
- GameDay in Fort Worth
- Woods Cross refinery to shut down
- SLC council OKs gay rights policies
354 - Editorial: Mormons and gay rights
199 - Senators want food tax restored
164 - Will state consider gay rights law?
148 - Letters: Strange breed in Utah
129 - Can BYU root for (ick) Utah Utes?
124 - Utes remain silent about BCS
120 - S.L. vote pending on gay protections
113 - Pratt pleads not guilty to sex charges
105 - Celtics crush Jazz
104
Maybe someone out there can help me understand how raising the state...
Sen. Scott Jenkins was name-checked by Jay Leno Monday night during his...
Davis is not Playing a region 4 team, Bingham is in Region 3. Isn't Davis one...
It is so so sad. I hope the middlemen in all of this will serve jail time as...
TCU up 7-0
I guess that means that there is no excuse for the embarrassments of UT vs....
The joy has just begun. First TCU touchdown in just minutes.
Iris was a very good friend to my family. When we heard the news we were in...
The way I found out about Craig, it was while I was searching on YouTube, for...
Those are examples of CLASSIC liberals, even JEsus and Bible is an example...
Gotta love Ute fans. "only wins matter, not the score". I've only heard...
Gerald, how about you think about how it might be if one day you woke up not...



You can be the first to comment on this story.