Posted on August 20, 2011
The new healthcare law has significantly changed how individual medical insurance plans are sold, according to Assurant Health’s president and ceo. Minimum loss ratios or “MLR’s” are now in place which means health insurance companies are now required to spend 80 cents on every premium dollar to pay medical claims (individual medical insurance market). Previously, this figure was as low as 50 cents in the first year for some medical insurance plans. Proponents of MLR’s contend they will make medical [...]
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