Before you blame the health insurance companies for being “greedy”, it’s important to note, there is a clause in the Affordable Care Act that is called the Medical Loss Ratio (MLR).
This Medical Loss Ratio states that insurance companies must pay a minimum of 80-85% of all the dollars they collect in premiums towards medical bills they receive (claims). In other words, if an insurance company collects $100 in a premium, $80 to $85 MUST pay a medical claim.
Read the full article: https://www.nevadainsuranceenrollment.com/health/medical-loss-ratio/
Health Insurance in Las Vegas, Nevada: https://www.nevadainsuranceenrollment.com/health-insurance/
