The National Association of Insurance Commissioners announced Thursday it has voted to adopt a model regulation containing the definitions and methodologies for calculating medical loss ratios as required by health reform.
The vote by the association's Executive and Plenary Committees is a final move before the MLR model is passed onto Health and Human Services Secretary Kathleen Sebelius for certification.
"I commend the work of our regulators and staff as we considered a number of very challenging issues as it moved through the committee process. The committee model regulation on MLR passed with only technical amendments, which is a testament to our inclusive and transparent process," said Jane L. Cline, NAIC president and West Virginia insurance commissioner, in a statement. "It is with a great deal of pride we present these recommendations to the Secretary."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
