--(BUSINESS WIRE)-- Secretary Kathleen Sebelius and the U.S. Department of Health and Human Services today took additional steps to implement the health insurance reform law. The new actions include efforts to gather input on how to implement policies to oversee medical loss ratios and premium increases. Specific steps taken today include:
- A letter from Secretary Sebelius to the National Association of Insurance Commissioners (NAIC) requesting their assistance in defining medical loss ratio, as required by law. While the law requires NAIC to provide guidance by the end of the year, Secretary Sebelius is urging the association to provide guidance by June 1 to allow for the timely implementation of the new law.
- A formal request for public comment from the Departments of Health and Human Services, Labor and Treasury for public comment on the definition of medical loss ratio. The public comment period will allow all Americans to express their views on how the Departments should define provisions in the law that require insurance companies to dedicate more of the premiums dollars they collect to actual care instead of profits, bonuses and advertising. The Department of Health and Human Services also issued a request for public comment on rate review provisions included in the new law.
Copies of these documents are available at:
http://www.healthreform.gov/newsroom/naicletter.html
http://www.federalregister.gov/OFRUpload/OFRData/2010-08599_PI.pdf
http://www.federalregister.gov/OFRUpload/OFRData/2010-08600_PI.pdf
HHS officials will host a briefing for members of the media only at 2:00 PM EDT today to discuss these actions.
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WHEN: |
Monday, April 12, 2010 | |
| 2:00 PM EDT | ||
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DIAL-IN: |
888-995-9728 | |
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PASSCODE: |
HHS | |
Note: This call is for members of the media only.
Note: All HHS press releases, fact sheets and other press materials are available at http://www.hhs.gov/news.
CONTACT:
HHS Press Office
202-690-6343
KEYWORDS: United States North America District of Columbia
INDUSTRY KEYWORDS: Health Public Policy/Government Healthcare Reform Public Policy White House/Federal Government General Health Managed Care
MEDIA:
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