Those enacting the Patient Protection and Affordable Care Act (PPACA) in 2010 promised sweeping changes to the health care system in the United States (PPACA website, 2010). PPACA primarily addresses issues like rights to eligibility and benefits for individuals. While benefit trust entities must comply with many aspects of this legislation, it does little to encourage and improve ethical conduct among the administrators and fiduciaries of benefit trusts, including those here in Colorado. The Division of Insurance does not regulate benefit trusts in Colorado because they are not technically an insurance product; they have remained largely out of reach of most legislation and general oversight that can help protect taxpayers. Generally I do not support government intervention in business; however, these trusts exist for the exclusive benefit of public employers that include school districts, fire districts, counties, and other ...
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... many time legislation is reactionary, such as when something like RHPI happens due to lack of oversight. Although it is too late for the former members of RHPI, with your support we can learn from that lesson and be proactive in protecting the interests of hardworking Colorado taxpayers.
Booth, M. (2011). Health-plan owner Gerald Rising Jr. pleads guilty to embezzlement. Retrieved from www.denverpost.com/news/ci_19202814#
Colorado Department of Regulatory Agencies website. (2010). http://www.dora.state.co.us/insurance/consumer/2010%20docs/consRuralHealthPlansDOIStatemen111910.pdf
Colorado Employer Benefit Trust website. (n.d.). http://www.cebt.org/
Gathright, A. (2010). Colo. health plan founder indicted on fraud, embezzlement. Retrieved from http://www.thedenverchannel.com/news/27441424/detail.html
PPACA website. (2010). http://www.ppaca.com/
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