At the NAIC (National Association of Insurance Commissioners) conference yesterday, regulators approved the medical loss ratio “blank” — the form that will get sent to health insurers to determine how much of their premium revenue gets spent on medical care. And in an unexpected early victory, the NAIC rejected many of the procedures that the insurance industry wanted to include as counting under the MLR.
|By: David Dayen Wednesday August 18, 2010 7:00 am|
|By: David Dayen Wednesday March 31, 2010 6:40 pm|
I don’t think you needed to be Nostradamus to figure this out. Insurance regulations are the soft spot where industry lobbyists know how to navigate much better than anyone looking out for consumers, and insurers are launching their attack on reform in this area. Basing the entire reform on a regulatory regime inevitably exposed it to this kind of danger.