(Bloomberg Business) -- Nearly a fifth of theNational Football League settlement approvedthis week compensating former players with head injuries could goto their health insurers instead.
As a result of federal laws and court rulings enabling insurersto recover costs of medical treatment for injuries, Medicare,Medicaid, and private insurers will be reimbursed before playersreceive any money. Their share will reduce the value of a dealalready criticized by some ex-players' lawyers asinadequate.
"It is an enormous problem," said George Washington Universitylaw professor Alan B. Morrison, who filed an amicus brief in thecase in federal district court in Philadelphia expressing concernabout the payments to health insurers. It could take a year orlonger to sort out how much is owed to which insurers, Morrisonsaid.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
