Washington, D.C.—The U.S. Senate Committee on Commerce, Science, and Transportation will hold a hearing on Wednesday, May 21, 2014 at approximately 2:45 p.m. titled, “Delivering Better Health Care Value to Consumers: The First Three Years of the Medical Loss Ratio”. The hearing will examine the impact the minimum medical loss ratio (MLR) requirements in health care reform have had on making sure that health insurers are accountable to consumers and provide appropriate value for premium dollars. Under these provisions, health insurers must provide consumers rebates if the plans do not spend sufficient premium dollars on actual medical care as opposed to non-medical administrative expenses including profits.
Please note the hearing will be webcast live via the Senate Commerce Committee website. Refresh the Commerce Committee homepage 10 minutes prior to the scheduled start time to automatically begin streaming the webcast.
Individuals with disabilities who require an auxiliary aid or service, including closed captioning service for the webcast hearing, should contact Stephanie Gamache at 202-224-5511 at least three business days in advance of the hearing date.
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