NU Online News Service, Aug. 18, 2:49 p.m. EDT
SEATTLE–Regulators adopted a medical loss ratio form that leans more toward a narrow medical loss ratio (MLR) definition opposed by the industry, but the discussion revealed sharply divided opinions on the federal reforms.
During Tuesday's joint Executive Committee/Plenary meeting of the National Association of Insurance Commissioners (NAIC) in Seattle, the members adopted the medical loss ratio blanks, the form health care insurers will use to report how much premium paid to them is going toward health care expense and how much to administrative costs.
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