Skip to main content

View Diary: Health Insurers Refuse to Rescind "Unreasonable" Rates; Snub Feds (250 comments)

Comment Preferences

  •  For those comforting themselves witht the promise (10+ / 0-)

    that Medical Loss Ratios will provide protection from gouging insurers getting into the exchanges, there's this:

    WellPoint, the health insurer with the largest total enrollment, is set to take a $300 million loss this year due to MLR-related costs. Already the insurer has reclassified more than half a billion dollars in administrative expenses as medical spending to help meet the loss-ratio target.

    (bold mine)

    And they are just getting started.  As experts in gaming regulations, expect more.

    The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

    by accumbens on Mon Jan 16, 2012 at 06:35:06 AM PST

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site