As part of its healthcare reformlegislation, the Obama administration has asked states to come up with recommended medical loss ratios.
These ratios are the percentage of health insurance plan
premiums that actually go towards providing health care to policyholders. The law mandates a certain minimum level.
However, the states (represented by the National Association of Insurance Commissioners) claim that they need at least one more month past the late May deadline to finalize their report.
Tags: health insurance, healthcare reform, medical loss ratio, national association of insurance commissioners
