EDITORIAL: Last-best-offer an instrument of compromise
The case in question is an impending end to a five-year consent decree between the
Shapiro wants the court to continue the consent decree indefinitely. As part of that, he proposed that the court employ a system of last-best-offer arbitration to settle any reimbursement disputes between the health care system billing for care and the insurer paying the bill.
Under last-best-offer, each side would propose a payment and an arbitrator would choose one of them, and would not be allowed to fashion a compromise.
As a result, the parties would be more likely to fashion a compromise of their own than to risk losing everything with an extreme proposal to an arbitrator.
The system is best known for its success in Major
This year, of the 198 players eligible for arbitration, more than 190 reached agreements with their teams without going to arbitration. That, of course, is the objective of the exercise. The risk of losing in arbitration cause each side to compromise toward the middle.
Last-best-offer is an instrument of compromise to produce fair settlements.
___
(c)2019 The Citizens' Voice (Wilkes-Barre, Pa.)
Visit The Citizens' Voice (Wilkes-Barre, Pa.) at citizensvoice.com
Distributed by Tribune Content Agency, LLC.



Secure Exchange Solutions Partners with Arcora Foundation to Improve Oral Health for Medicaid Patients in Washington State
AM Best to Participate in Panel Sessions at 2019 Emerging Leaders Conference
Advisor News
- Using digital retirement modeling to strengthen client understanding
- Fear of outliving money at a record high
- Cognitive decline is a growing threat to financial security
- Two lessons career changers wish they knew before starting the CFP journey
- Americans less confident about retirement as worries grow
More Advisor NewsAnnuity News
- CareScout Joins Ensight™ Intelligent Quote LTC & Life Marketplace
- Axonic Insurance Annuities, Built for Banks, Broker-Dealers and RIAs, Now Available through WealthVest.
- Allianz Life Adds New Accumulation-Focused Fixed Index Annuities
- Allianz Life adds new accumulation-focused FIAs
- Industry objects to ‘tone and tenor’ of draft NAIC Annuity Buyer’s Guide
More Annuity NewsHealth/Employee Benefits News
- Son hopes dad’s legal win in Miami spares cancer patients from fighting insurers
- Findings from RTI International Broaden Understanding of Insurance (US Medicaid Spending and Health Insurance Coverage for People Involved in the Criminal Legal System as Children): Insurance
- Researchers at University of Pittsburgh Target Managed Care (The state of hospice: Impacts on equity, quality, and nursing-An AAN consensus paper): Managed Care
- Findings from CareQuest Institute for Oral Health Provide New Insights into Managed Care (Repeated Use of Emergency Departments for Nontraumatic Dental Conditions: Factors Associated With Being a Superutilizer): Managed Care
- Reports Outline Insurance Study Findings from University of North Texas (Health Insurance Coverage and Access To Care Among Older Immigrants: Evidence From the National Health Interview Survey, 2020 To 2023): Insurance
More Health/Employee Benefits NewsLife Insurance News
- Agam Capital and 1823 Partners Announce Strategic Partnership to Provide Life Insurers with an End-to-End Value Chain Solution
- AM Best Revises Outlooks to Positive for Western & Southern Financial Group, Inc. and Its Subsidiaries
- Principal Financial Group Announces First Quarter 2026 Results
- SBLI Enhances its OmniTrak Term to Deliver Faster Decisions, More Client Coverage, and Improved Pricing
- Life insurance premium surges, but coverage is still falling short for many
More Life Insurance News