2013 was an extremely interesting and challenging year for the Texas Medical Association Insurance Trust, as it was for all insurance organizations in the United States. As indicated in the 2012 Annual Report, 2013 truly was the “end of the beginning” of a new era of health care reform. With most of the remaining requirements of the Affordable Care Act going into effect on Jan. 1, 2014, we have finally reached the “beginning of the beginning” of this new era with all of the attendant confusion, problems, changes, and opportunities.
In spite of the many challenges and changes that have occurred in the association insurance market and the medical profession during the last 10 years, the package of products TMAIT provides its membership continues to grow in value.
Despite a year of volatility in 2011, TMAIT was able to continue to provide its members with reduced rates and enhanced benefits. The Trust's Premium Stabilization Fund also remains strong at just over $87 million.
2004 was a relatively calm year for the Trust. Health-insurance costs continue to increase, and we continue to meet our goal of helping the physicians of Texas to get the quality, cost-effective coverage they need.
The 2003 annual report includes coverage of how the TMAIT program’s financial strength increases, the smooth transition from Aetna to BCBSTX as carrier for the Trust medical plan, and an example of why TMAIT service is unique.