In a November RWWV post, we commented on the WI Insurance Commissioner’s request for a waiver to delay implementation of health reform’s medical loss ratio (MLR) requirement. This provision ensures that insurance companies spend at least 80% of premium dollars on actual health care – not overhead and profits. We strongly encouraged the federal government to reject this Wisconsin adjustment waiver proposal (by sending a letter with other consumer groups in Wisconsin to the federal government saying so).
Yesterday, the federal Center for Consumer Information and Insurance Oversight announced that they are denying Wisconsin’s waiver adjustment request. This is a great win for Wisconsin insurance consumers – and for successful implementation of the Affordable Care Act!