Sen. Al Franken is asking the U.S. Department of Health and Human Services (HHS) to review state requests for minimum medical loss ratio (MLR) waivers carefully before granting waivers.
Franken, D-Minn., has made the request for careful MLR reviews in a letter to U.S. Health and Human Services Secretary Kathleen Sebelius.
"Weak MLR requirements will allow insurance companies to continue to spend exorbitant portions of the dollars they receive in premiums on administrative costs, marketing, and CEO profits, rather than health care services and rebates for consumers," Franken says in the letter.
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