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 major financial implications on the nation’s insurers, both big and small. Insurers have been petitioning state lawmakers to obtain a…

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Georgia health insurance options may get a little broader

The recession of 2008 took a toll on the nation’s economy. Many businesses were forced to make cuts to the benefits they offered employees in an attempt to offset the economic downturn. Despite reports that the recession ended sometime in early 2010, many are still struggling to recover. Several businesses have not yet returned to the point where they are able to offer employees health care benefits. In Georgia, workers that do not receive coverage from their employees may have new options. State legislators are toiling over a new bill…

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