health care reform
Health & Human Services has released regulations on the Medical Loss Ratio (MLR) requirements for insurers. The MLRs go into effect in 2011 and will require insurers to spend 80% to 85% of the premiums collected on health plans on medical care and health quality improvement rather than administrative costs. Here is HHS' press release:
Mercer has released another survey on health reform from employers. Their headline is that "few employers" are planning on dropping health plans in response to health care reform. That's an interesting take considering that their own survey found that 1/5 of "small employers" with between 10 and 499 employees say they are likely to do just that:
Maintaining "grandfather" status under Obamacare is a difficult proposition. It looks like Health and Human Services is trying to make it a little easier. They will now allow employers to switch healthcare plan providers without losing their grandfather status:
By popular demand, we are making our "Glorious Revolutionary Health Care Refom Timeline" available online!
Less than 24 hours after what he admitted was a "shellacking," President Obama slams the door on any notion of repealing or undoing health care reform. Business Insurance reports:
The spectacle of President Obama, Speaker Nancy Pelosi, and their fellow Democrats taking the American health care system over the “precipice of health care reform” (to use the President’s phrase) has been something to behold. I am sure watching the RMS Titanic clip the iceberg from the ship’s bow was a similar sort of “spectacle.”