The medical loss ratio provision of the Affordable Care Act, which requires insurers to spend at least 80% of the money they collect from premiums on improving medical care, is a source of constant controversy throughout the country. Insurers have claimed that the rule cripples their ability to remain financial solvent in the current economic climate. The Government Accountability Office has released a new report countering the claims from the insurance industry. The report shows that most all insurance companies in the U.S., both large and small, are able to…
Read MoreThursday, April 18, 2024
Recent posts
- Leveraging Allstate Drivewise for Safer Driving Amid Rising Accident Rates
- California fire station project on pause because it can’t get property insurance
- California Insurance Commissioner Lara seeks new guidance to overcome state crisis
- Can Insurance Companies Help Fight Global Warming with Incentives?
- Medicaid health insurance coverage is gone for 400k Ohio residents
