The Camp tax reform discussion draft—proposed by House Ways & Means Committee chair Rep. Dave Camp (R-MI)—underscores an urgent need for NAIFA members to continue their ongoing effort to educate Congress about the value and need for current law tax rules governing life and health insurance, retirement savings, and employee benefits. The draft extracts more than $583 billion (over 10 years) from almost 50 proposals that directly or indirectly impact the insurance industry.
New guidance about social media from the U.S. Securities and Exchange Commission gives certain financial advisers some leeway to promote client reviews of their services that appear on third-party social media websites.
Senator Mary L. Landrieu (D-LA) has introduced a pair of NAIFA-supported bills to ensure health insurance consumers have greater choice and continued access to advice and services of professional insurance advisors.
The Obama administration has dropped controversial plans to overhaul the Medicare prescription drug program amid withering criticism from the industry, patient advocacy groups and lawmakers that the changes would limit seniors’ access to certain medications and choice of plans.