Some lawmakers in Texas want Insurance Commissioner Eleanor Kitzman to withdraw the state’s request for a waiver to the medical loss ratio (MLR) provision in the federal health insurance reform law.
State Rep. Lon Burnam and 30 other state representatives say the waiver would cost Texas policyholders an estimated $260 million. The MLR rule requires insurance companies to spend at least 80 percent of policy premium dollars on medical expenses rather than overhead. If insurers fail to comply, they must provide rebates to policyholders. In Texas, rebates would amount to approximately $350 per policyholder. Burnam says several health insurers in Texas are meeting the MLR requirement.
Topics Texas Legislation
Was this article valuable?
Here are more articles you may enjoy.
State Farm Must Give Up Trade Secrets in Claims Lawsuits, but Under Court Review 
Tornado Alley’s on the Move and Creating New Risk Concerns, Modeler Says 
Meta Stares Down Trillion-Dollar Threat as Landmark Social Media Trial Begins 
General Contractor Found Not Liable for Subcontractor Employee’s Injury From This Issue
