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MLR provision cost insurers $2.1B in rebates

The reform law’s medical-loss ratio provision saved consumers more than $2 billion in only one year, says a new study published Thursday. The Kaiser Family Foundation study estimated that without the MLR rule, consumers’ premiums would have been $1.9 billion higher in 2012. Plus, consumers received $241 million in rebates last year, bringing the total savings as a result of MLR requirements to $2.1 billion in 2012, according to the study.