News Headlines Article

Mich. lawmakers back state’s request for MLR waiver
Modern Healthcare

The chairmen of two influential House committees on Thursday sent a letter to HHS Secretary Kathleen Sebelius supporting their home state of Michigan’s request for a waiver from the medical-loss ratio provision for individual health insurance. Mandated in last year’s Patient Protection and Affordable Care Act, the medical-loss ratio provision requires that insurance companies in the individual market spend at least 80% of premium dollars on medical services.