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Georgia receives waiver for medical loss ratio provision of the Affordable Care Act

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Written on:November 14, 2011
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Georgia receives waiver for medical loss ratio provision of the Affordable Care Act

While many provisions of the Affordable Care Act have been submerged in controversy, one provision, in particular, has garnered the ire of the insurance industry. The new federal law requires all health insurers to spend at least 80% of the money the collect from premiums on improving medical care for patients. If insurers cannot meet the standard, they are required to return the money to policyholders. This single provision has…

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