The simple fact of a public oversight by a third party is reducing the number of errors in companies’ public disclosures. We’ve just finished our third annual medical insurance rating process to cull out the good from the bad from the 65 policies with over 400 policy points. I don’t think it is an unreasonable request to fix data disclosure so that it is relevant to consumers, open to comparison and correct. Our good regulator does not ask for data disclosure across the two very different pools. Second is the errors we continue to find in the public disclosure that firms make.

Source: Mint August 02, 2016 13:41 UTC