ADA supports two student loan reform bills
e-mailPrintShare ADA supports two student loan reform bills Bills call for lowering federal student loan interest rates, allow new dentists to refinance federal student loans more than once April 13, 2021 By Jennifer Garvin
Washington The ADA is supporting two student loan reform bills to help offset the financial challenges facing dentists after they graduate.
HR 1918, the Student Loan Refinancing and Recalculation Act, would shift federal student loan interest rates downward, delay interest accrual and allow loan payments to be deferred until after the completion of a medical or dental residency.
“Graduate student debt has been rising for decades, even after adjusting for inflation. It has risen to the point that today new dentists with debt are starting their careers owing nearly $305,000 in educational debt,” wrote ADA President Daniel J. Klemmedson, D.D.S., M.D., and Executi
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Competitive Health Insurance Reform Act becomes law
e-mailPrintShare ADA-supported bill repeals McCarran-Ferguson antitrust exemption for health insurance companies January 14, 2021 By Jennifer Garvin
Washington The Competitive Health Insurance Reform Act, legislation that repeals the McCarran-Ferguson antitrust exemption for health insurance companies, became law on Jan. 13.
The law is the “culmination of a multi-year effort by several organizations, including the American Dental Association, to persuade Congress that health care insurance, including dental plans, should no longer be protected from some of the federal antitrust laws,” according to an ADA news release.
The new law is aimed at improving transparency and competition in the health, dental and vision insurance marketplaces. The ADA hopes this will lead the Federal Trade Commission and the Department of Justice to investigate alleged anticompetitive practices and activi
Congress passes Competitive Health Insurance Reform Act
e-mailPrintShare ADA-supported bill repeals McCarran-Ferguson antitrust exemption for health insurance companies December 22, 2020 By Jennifer Garvin
Washington The Senate on Dec. 22 voted to repeal the McCarran-Ferguson antitrust exemption for health insurance companies by passing HR 1418, the Competitive Health Insurance Reform Act.
The House passed the bill on Sept. 21. At press time, President Donald J. Trump was expected to sign the bill into law.
The ADA has been a “longtime advocate of this bill that would reform the McCarran-Ferguson Act of 1945 to ensure that health insurance companies are subject to the same federal antitrust laws that nearly all other industries must comply with in the U.S.,” the Association wrote in an email to dental leaders.