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Will health insurance be more affordable under healthcare reform?

Joane Goodroe
Nursing

The Affordable Care Act includes features that promote transparency and hold insurers accountable for rate increases and how they spend your premium dollars. Two of the features are called "Rate Review" and "Medical Loss Ratio."

  • Rate Review: Starting September 1, 2011, health insurance companies must tell consumers when they want to increase insurance rates for individual or small group policies by an average of 10% or more.
  • Medical Loss Ratio: Starting in 2011, insurers must spend between 80% and 85% of the premium dollars they take in on health care costs or health care improvement activities. If they don't, they must provide refunds to policy holders.

    To learn more: http://companyprofiles.healthcare.gov/.

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    Important: This content reflects information from various individuals and organizations and may offer alternative or opposing points of view. It should not be used for medical advice, diagnosis or treatment. As always, you should consult with your healthcare provider about your specific health needs.