Within the final rule, the issue of ICD-10 conversion costs was also addressed. For each of the MLR reporting years 2012 and 2013, health insurers may account for ICD-10 conversion costs of up to 0.3 percent of earned premiums in the relevant state market as a “quality improving activity” in their MLR calculation.
Overall, HHS expects that accounting for these costs in MLR calculations will only have a small effect on MLRs and rebates sent back to consumers.
Related Articles on ICD-10:
HIMSS Releases Updated ICD-10 PlayBook
How to Cope in This Economic Climate: 4 Thoughts From Elkhart General CFO Kevin Higdon
AMA Votes to Work “Vigorously” to Stop ICD-10 Implementation
