National Minimum Medical Loss Ratio Would Save Tens of Billions of Dollars
Report from the Main Street Alliance:
National Minimum Medical Loss Ratio Would Save Tens of Billions of Dollars For Businesses, Individuals
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Excerpt:
In an effort to restore balance to the health insurance industry and protect consumers, the Senate bill should set a minimum medical loss ratio of 90 percent for health insurers. Health plans falling short of the minimum would be required to rebate the difference to their customers—a powerful incentive to meet the standard. This is a crucial policy that would rein in the skyrocketing health costs that have demolished jobs, left nearly 50 million people uninsured and burdened doctors and hospitals with the costs of caring for people without insurance.
