State Insurance Heads Want Changes To Loss Ratio Rule

Law360, New York (November 23, 2011, 5:56 PM EST) -- State insurance regulators voted Tuesday to press the Obama administration and Congress to amend the health care reform law's medical loss ratio regulation to better protect insurance agents and brokers.

The medical loss ratio rule requires health insurers to spend between 80 and 85 cents of every premium dollar delivering or improving health care services. The U.S. Department of Health and Human Services unveiled the rule a year ago to the day of the the National Association of Insurance Commissioners' vote, as part of the Patient...
To view the full article, register now.