14 Mar Medical Loss Ratio’s Mixed Record (Modern Healthcare)
For all of its success in expanding health coverage to more than 20 million Americans, the Affordable Care Act has stumbled in a key area: affordability.
Despite various provisions tucked into the law aimed at lowering costs, consumers continue to face high prices from both providers and insurers. And 10 years later, affordability is at the center of policy debates over healthcare.
One of those efforts, the medical loss ratio rule, was touted by the Obama administration as a tool for lowering premiums, but in the long run, it may be having the opposite effect…