Tuesday, September 11, 2012

The Medical Loss Ratio

You may have heard by now, if insurance companies spend more than 80% of your premium dollars on things like advertising, CEO bonuses, or lobbying against reform it must refund you the difference!

It's all part of the new health care law and it's called the Medical Loss Ratio.The name comes from the terminology that the insurance companies use to refer to the money spent on medical care rather than profit.

However, insurance companies, after failing to repeal the entire act, are working towards dissembling it piece by piece.

Those interested in taking action can sign a petition to protect the medical loss ratio.

Via our friends at The Pennsylvania Health Access Network

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