Delivering Better Health Care Value to Consumers: The First Three Years of the Medical Loss Ratio
Washington, D.C.—The U.S. Senate Committee on Commerce, Science, and Transportation will hold a hearing on Wednesday, May 21, 2014 at approximately 2:45 p.m. titled, “Delivering Better Health Care Value to Consumers: The First Three Years of the Medical Loss Ratio”. The hearing will examine the impact the minimum medical loss ratio (MLR) requirements in health care reform have had on making sure that health insurers are accountable to consumers and provide appropriate value for premium dollars. Under these provisions, health insurers must provide consumers rebates if the plans do not spend sufficient premium dollars on actual medical care as opposed to non-medical administrative expenses including profits.
