WTf, Health Insurance Companies

[glatt]

One of the most beautiful things about Obamacare is the Medical Loss Ratio 80/20 rule.

Insurance companies have to spend at least 80 percent of premium dollars on claims and activities to improve health care quality. 85% in large group markets.

So sure, these CEOs are getting huge salaries, but patients as a whole are still required by law to get 80% of their premium money back in actual health care. The profits and overhead of the insurance companies are capped by federal law.

[classicman]

Originally Posted by glatt

One of the most beautiful things about Obamacare is the Medical Loss Ratio 80/20 rule.
Insurance companies have to spend at least 80 percent of premium dollars on claims and activities to improve health care quality. 85% in large group markets.

IIRC only two companies were outside that rule BEFORE the PPACA.