Medical Loss Ratio Rules Unveiled
November 23, 2010
Obama administration says rules will lead to more transparency
Monday, the Obama administration outlined rules to restrict insurers spending. The regulation calls for health insurers to spend 85 percent of premium on health care for groups over 50 and 80 percent of premium for groups under 50. The intent is to make the health care system stronger. Starting in 2012, Americans might be eligible for rebates if the carriers do not meet the required Medical Loss Ratios.
To read more on today's healthcare news and legislation check out the November 23, 2010 NAHU Newswire.
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