Interesting MLR Article

[Crabcake Johnny]

"For example, United Healthcare's Golden Rule individual policies kept 40 percent last year and would have had to pay about $38 million in refunds to its 117,000 Florida customers if the law had been in place, according to an analysis by CITI Investment Research."

Health insurance rebates: Law may bring consumers health insurance rebates - South Florida Sun-Sentinel.com

 

[Yagents]

The last time I checked, Apple had too much profit. My math says this represents a $324 refund per person. I'll bet most of those people will buy an Apple IPAD with their newly found money. This is what they call "profit redistribution"

 

[Crabcake Johnny]

I actually don't see how MLR legislation is legal and really don't understand why AHIP didn't challenge it legally. I don't believe Congress has the power to directly control corporate profits.

I've never seen any industry just lay down and play dead than the health care industry. Must have been a lot of back room deals we'll never know about.

 

[somarco]

Frankly, I don't know how half the stuff they do in Washington is legal (and it probably isn't). Just on Obamacrap alone

You must buy health insurance.
You must buy the kind of health insurance we want you to have and only that kind.
If you do not buy health insurance, or you do not buy the kind we say you must have, you pay a tax.
If you own health insurance, you must submit a summary of your benefits to the Dept of Benefits Dept for review.


And as for the insurance carriers, they have to cover new benefits not previously covered, issue policies to children that are otherwise uninsurable, pay out 80% of premium dollars in benefits (claims), give refunds if they don't pay out 80%, face public flogging if they ask for a rate increase . . .

This whole thing is nuts.

 

[ABC]

We will only have a handful of national carriers writing business in the small and individual markets.

 

[jbage007]

What is it about Kansas and the scumbag pseudo-intellectuals they get to serve as Ins. Commish?

 

[InsureGuy5]

The last time I checked, Apple had too much profit. My math says this represents a $324 refund per person. I'll bet most of those people will buy an Apple IPAD with their newly found money. This is what they call "profit redistribution"

I think lawyers make too much money and contribute to the overall cost of products and services in our country.

We need MLRs for attorneys - 80% of all settlements must be paid to the client. Let's see how far that goes.

 

[AndreaSti]

I think lawyers make too much money and contribute to the overall cost of products and services in our country.

We need MLRs for attorneys - 80% of all settlements must be paid to the client. Let's see how far that goes.

Great idea - except for the fact the 99.9% of those in Congress are lawyers and they help their own!

 

[hiswill1133]

I think lawyers make too much money and contribute to the overall cost of products and services in our country.

We need MLRs for attorneys - 80% of all settlements must be paid to the client. Let's see how far that goes.

That is a great idea!