New MLR bill hits Senate, House bill to come

There’s still hope for change in the Patient Protection and Affordable Care Act for health insurance brokers. Last night new legislation was issued in the Senate that would remove broker compensation from the medical loss ratio calculation that says that 15%-20% of group premiums can go to administrative costs. The bill, S.650, is sponsored by Senators Mary Landrieu (D – La.), Johnny Isakson (R – Ga.), Mark Begich (D – Alaska) and Lisa Murkowski (R – Alaska).

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