New Affordable Care Act Rules Give Consumers Better Value For Insurance PremiumsFOR IMMEDIATE RELEASE - Monday, November 22, 2010
New regulations issued today by the Department of Health and Human Services (HHS) require health insurers to spend 80 to 85 percent of consumers? premiums on direct care for patients and efforts to improve care quality. This regulation, known as the ?medical loss ratio? provision of the Affordable Care Act, will make the insurance marketplace more transparent and make it easier for consumers to purchase plans that provide better value for their money.
?Thanks to the Affordable Care Act, millions of Americans will get better value for their health insurance premium dollar,? said HHS Secretary Kathleen Sebelius. ?These new rules are an important step to hold insurance companies accountable and increase value for consumers.?
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