Quote:
Originally Posted by jyl
The healthcare reform laws included a medical loss ratio (MLR) provision, that says health insurers must spend 85% of the premiums they collect on medical care (for large group plans) or 80% (for individual or small group plans). The idea is to limit insurance companies' incentive to increase their profits by denying claims or curtailing coverage.
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Wouldn't it be ironic if the gov't. were also required to spend 85% of what they collect on what the money was actually intended to cover, be it Medicare or anything else? I'm sure this provision will eventually be thrown out by the courts. What the hell authority does the gov't. have in dictating profit margins to private companies? I mean, it's bad enough we have min. wage laws. This is a backdoor attempt at a max. wage law.