GAO: Most Health Insurers Would Have Met Medical Loss Ratio Standards in 2010
Beginning in 2011, the PPACA required large group markets to spend 85 percent of health premium revenues on medical claims and small group or individual markets to spend 80 percent, which are the medical loss ratios.
The report found that the percentage of insurers in the large and small group markets that met or exceeded the MLR standards were 77 and 70 percent, respectively, according to the report. Forty-three percent of insurers in the individual market met or exceeded the MLR standards.
Related Articles on Health Insurers:
© Copyright ASC COMMUNICATIONS 2015. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
New From Becker's Hospital CFO