October 25, 2010

Medical Loss Ratio recommendations "reasonable"

HHS Secretary, Kathleen Sebelius is quoted in saying: "these recommendations are reasonable, achievable for insurers and will help to ensure insurance premiums are, for the most part, supporting heath benefits for consumers." This was in response to a recently released recommendation from National Association of Insurance Commissioners pertaining to the Medical Loss Ratio requiring at least 80% of health insurance premiums be spent on medical care and 85% for large groups, This is in response to the which was released last Thursday.

Other healthcare news can be read in the October 25, 2010 NAHU Newswire.

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