WASHINGTON—The state of Florida continues to carry the banner of agents on the medical loss ratio issue, asking federal health regulators to review its decision not to exempt Florida from the rule.
In a Dec. 30 letter to the U.S. Department of Health and Human Services, Florida's Office of Insurance Regulation says the provision of the healthcare insurance reform law limiting administrative costs to 20 percent of premiums is harming the state's insurance market.
The letter objects to HHS's Dec. 15 letter rejecting the state's demand for an exemption from the MLR provision of the healthcare law, the Patient Protection and Affordable Care Act.
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Elizabeth Festa
Elizabeth Festa is a longtime business and financial services reporter with a specialty in insurance regulatory and legislative coverage at the federal and state level. She is based in Washington, D.C.
