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NAIC Subcommittee Adopts MLR Definitions

A subpanel of the National Association of Insurance Commissioners (NAIC) has voted to adopt draft medical loss ratio (MLR) regulations, which are open for comment...
October 7, 2010

A subpanel of the National Association of Insurance Commissioners (NAIC) has voted to adopt draft medical loss ratio (MLR) regulations, which are open for comment through October 11. A larger panel is scheduled to vote on the MLR model October 14. If the draft definitions are accepted, the new regulation could be in place before the NAIC's executive/plenary session at the Fall National Meeting in Orlando. The health reform law mandates that health plans spend a minimum percentage of premiums on care or pay rebates to their customers. The state insurance commissioners are tasked with defining the ratio.

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