|Source:||McClatchy-Tribune Information Services|
The nonprofit Consumer Watchdog of
“We must have a very clear understanding of how the resolution would affect the consumer before we can move forward,” Leonardi said.
The bill before
At stake is the price of health insurance. Federal health care reform signed last year by President
Starting this year, if health insurers spend less than those minimums, they are required to pay consumers a rebate at the end of the year. Regulators must determine what is considered a medical expense and what is considered the insurer’s administrative cost.
If fewer expenses are considered administrative costs, or if more expenses are included as medical expenses, health insurers will have an easier time meeting the federal standard set in the health reform laws passed last year.
“To date, I have not seen any hard data that shows whether the MLR is the reason the broker commissions have decreased,” Leonardi said. “I do appreciate the value of brokers in the system and fully understand their concerns, but to rush this issue to a vote this weekend would be imprudent and would abandon the NAIC’s traditionally deliberate and fact-based approach.”
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