H.R. 2833 would require a minimum loss ratio for 90 percent for health insurance coverage offered through an insurance exchange.
Detailed Summary
Prohibits any health insurance coverage from being offered through a health insurance exchange unless the coverage is demonstrated to have a medical loss ratio (a ratio of medical expenses paid to premiums received) of at least 90%. Defines "health insurance exchange" to mean a mechanism established or recognized under federal law that provides a coordinated, centralized mechanism for offering for purchase to individuals health insurance coverage from more than one health insurance issuer.
Status of the Legislation
Latest Major Action: 6/11/2009: Referred to House committee. Status: Referred to the House Committee on Energy and Commerce.
Points in Favor
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Points Against
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