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AMA Supports Recommended Medical Loss Ratio Rules

August 31, 2010 – 1:21 pm

The American Medical Association and state medical societies are supporting a proposal by the National Association of Insurance Commissioners on what expenditures insurers can consider medical spending under the new health law. “Starting next year, insurers will be required to spend 80% of the premiums they collect for individual and small-group policies on patient care and quality improvement — 85% of premiums for large-group policies,” American Medical News reports…

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