One Step Closer to Medical-Loss Ratio Rules

@ TheHill.com
October 22, 2010 -- The National Association of Insurance Commissioners (NAIC) voted unanimously Thursday to finalize new rules requiring insurance companies to dedicate more revenues directly to healthcare costs.

A few technicalities aside, the NAIC kept their "medical-loss ratio" guidelines largely identical to the draft proposal the group approved in September.

The insurance lobby had fought hard to convince commissioners that the draft would harm consumers' access to coverage, but NAIC members disagreed.

Full story at TheHill.com

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