NHS Asbestos refund law opposed by insurance companies

The Recovery of Medical Costs for Asbestos Diseases Bill is before the Welsh Assembly and if passed it will force businesses to pay the medical costs of staff that fall ill after working with asbestos.
 
The Bill is opposed by the insurance industry with the Association of British Insurers (ABI) saying insurers would not have accounted for these costs decades ago, forcing them to recoup the money from current policyholders.They also argue refunding the money to the Welsh Government instead of specific parts of the NHS “creates further complexity” and the Bill fails to provide how the money raised would help asbestos sufferers.
 
Furthermore, whilst they recognise the Assembly’s power over health policy the ABI say the Assembly lacks the power to change the law.
 
For further information please click the following link: http://www.bbc.co.uk/news/uk-wales-politics-21029535