Democrats Seek To Regulate How Insurers Spend Their Customers’ Money
Written on December 21, 2023 - 10:35 am | by admin
Kaiser Health News staff writer Julie Appleby explores the following concept advanced in current health overhaul plans. “Both the House measure and the newly recast Senate bill would force insurers to spend the vast majority of premium revenue on medical care for their customers, reducing the amount available for profits, executive salaries, sales and administration. The Senate bill would require insurers to spend at least 80 percent on medical care and quality improvements, while the House bill specifies 85 percent. Insurers that don’t comply would owe rebates to customers” (12/21). Read entire story.
This information was reprinted from kaiserhealthnews.org with kind permission from the Henry J. Kaiser Family Foundation. You can view the entire Kaiser Daily Health Policy Report, search the archives and sign up for email delivery at kaiserhealthnews.org.
© Henry J. Kaiser Family Foundation. All rights reserved.
Similar Posts:
- Mystery Surrounds Possibilities For Public Option Compromise In Senate Health Bill
- COBRA Extension Helps Unemployed Workers This Year
- Lawmakers, Public Grapple With Health Care Endgame
- IAS Conference: Low-Cost CD4 Tests; HIV Prevalence Among Pregnant Zimbabweans; Treating HIV-TB With ARVs; Vaccine Trials
- Final Health Reform Bill Likely To Cover More Frequent Mammograms Than USPSTF Recommends
Tags: Insurers, Insurers Spend