New Medical Loss Ratio regulations issued today by the Department of Health and Human Services(HHS) require health insurers to spend 80 to 85 percent of consumers’ premiums on direct care for patients and efforts to improve the quality of care.
“Our health care system should deliver quality affordable care for all Americans, not inhumanely deny claims to enrich shareholders and executives. Thanks to passage of historic health care reform, Americans can be confident that health insurance is about providing quality care, not maximizing profits.”
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