Posted November, 18 2011 by arianne
Medical loss ratios (MLR) are all the buzz at the moment in the insurance world, and some folks may have noticed little snippets seeping into the mainstream media as of late. So, what is this all about and what’s the big deal? Well, under the health reform law, health insurance companies are required to disclose detailed information on how […]
Posted November, 16 2011 by arianne
As promised, New York’s Department of Financial Services (DOFS) has posted copies of every health insurer’s rate applications on it’s website. This is really a huge step in bringing transparency and accountability to the whole insurance rate review process, and for that we are extremely grateful. The downside (and this is really no surprise)…it ain’t […]
Posted November, 15 2011 by arianne
Unless you’ve been sleeping under a rock (or perhaps in a tent down at Zucotti park) you’ve probably heard by now that the Supreme Court has decided to hear one of the cases challenging the health reform law. Specifically, it will be looking at a few pieces of the law, including the requirement that everyone have […]
Posted November, 10 2011 by arianne
Hooray for our tax dollars at work! Governor Cuomo announced yesterday that 11 of New York’s insurance plans would have to pay back $114.5 million to 573,748 New Yorkers who were overcharged for health insurance premiums based on a legal requirement that says that they have to spend at least 82 cents of every dollar on medical care versus […]