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Insurers must pay 90% of premiums to medical care under deal [View All]

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Home » Discuss » General Discussion: Presidency

SpartanDem

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Wed Dec-09-09 10:30 AM
Original message

Insurers must pay 90% of premiums to medical care under deal

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Edited on Wed Dec-09-09 11:22 AM by SpartanDem

TPM was reporting earlier that tougher regulations were part of the deal, but didn't give any detail. The washington post seems to be the first with details saying that a 90% medical loss ratio is one of the new regs. The House bill sets the MLR at 85% and currently most IC's only spend 75 to 80%.

And private insurance companies would face stringent new regulations, including a requirement that they spend at least 90 cents of every dollar they collect in premiums on medical services for their customers

http://www.washingtonpost.com/wp-dyn/content/article/2009/12/08/AR2009120804388.html?hpid=topnews

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