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Obama administration concludes healthcare law [medical loss ratio] waiver review
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| Contributor | Brandonius Maximus |
| Last Edited | Brandonius Maximus Feb 16, 2012 04:35pm |
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| Category | News |
| Author | Julian Pecquet |
| News Date | Thursday, February 16, 2012 10:00:00 PM UTC0:0 |
| Description | The Obama administration on Thursday denied Wisconsin's request for a waiver from the health law's medical loss ratio, while partially approving North Carolina's.
With the two decisions, the Department of Health and Human Services has concluded its review of the 17 states that have requested a waiver from the law's requirement that individual market health plans spend at least 80 percent of premiums on medical care or give customers rebates.
HHS has rejected 10 requests and approved modified applications from seven states.
Wisconsin wanted a lower ratio of 71 percent in 2011, 74 percent in 2012 and 77 percent in 2013. HHS determined that most of its carriers were already at the 80 percent threshold or on the way there. |
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