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Reply #33: According to the GAO a substantial majority of insurers meet MLR requirements now. [View All]

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bornskeptic Donating Member (951 posts) Send PM | Profile | Ignore Tue Dec-06-11 06:42 AM
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33. According to the GAO a substantial majority of insurers meet MLR requirements now.
2010, at least 64 percent of all credible insurers, covering at least 77 percent of
lives, would have met or exceeded the 2011 PPACA MLR standards (see
table 1).14,15 At the market level, a higher percentage of large and small group
insurers met or exceeded the 2011 standards compared to individual market
insurers. The percentage of insurers in the large and small group markets that met
or exceeded the standards were 77 and 70 percent, respectively, compared to
43 percent in the individual market. Because more lives were covered by large and
small group market insurers, most covered lives were associated with insurers that
would have met or exceeded the standards.

http://www.gao.gov/new.items/d1290r.pdf
(from p.6)
The MLR requirements are significant, but they are not going to crush the health insurance industry.They will make a big difference in the individual market, but that market will no longer exist in its current form after 2014. The creation of the insurance exchanges essentially makes group insurance available to everyone.
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  -Is Single Payer just around the corner? Pisces  Dec-04-11 09:49 AM   #0 
  - I don't doubt the insurance companies have found a good workaround.  brewens   Dec-04-11 10:06 AM   #1 
  - They can only keep 20% for profit. That is just not enough for them thrive as they have been.  MjolnirTime   Dec-04-11 10:26 AM   #3 
     - 20% for their overhead and profit. currently they average about 32%  grantcart   Dec-04-11 06:02 PM   #14 
     - 20% of next years premiums = 30% profit  golfguru   Dec-04-11 11:35 PM   #25 
        - If they double the premiums then they must double the amount of health care that they're...  joshcryer   Dec-05-11 01:54 AM   #27 
           - Check your doctor visits, dentist, hospital charges  golfguru   Dec-05-11 10:52 AM   #31 
              - It will be short lived, and caps will likely come into play further down the road.  joshcryer   Dec-06-11 06:44 AM   #34 
  - Obama's plan is to slowly strangle the insurance industry.  MjolnirTime   Dec-04-11 10:25 AM   #2 
  - The people who dream of living in utopia don't get the strategy. THey want a waive of a magic want  Pisces   Dec-04-11 10:58 AM   #5 
  - Real Lasting Change takes Time. Cornerstones are more important than facades.  MjolnirTime   Dec-04-11 11:19 AM   #8 
  - THANK YOU! Well said!  johnaries   Dec-04-11 07:05 PM   #21 
  - Deleted message  Name removed   Dec-04-11 04:00 PM   #9 
     - You........don't like ponies?  Enthusiast   Dec-04-11 04:32 PM   #11 
     - I guess you identify with the comments.  Pisces   Dec-04-11 05:38 PM   #12 
        - Do you identify with comments that you're a baby killer?  ClassWarrior   Dec-04-11 06:02 PM   #15 
           - I see you identify as well.  MjolnirTime   Dec-04-11 06:49 PM   #19 
              - I see you identify with...  ClassWarrior   Dec-04-11 06:57 PM   #20 
                 - CORRECT  Skittles   Dec-06-11 11:47 PM   #36 
  - Exactly. The foundation had to be laid to work up to Single Payer.  CakeGrrl   Dec-04-11 06:14 PM   #17 
  - By "strangle" do you mean they'll have to make do with only one yacht, and not two (or three)?  DCKit   Dec-04-11 11:32 PM   #24 
  - Especially destroying the job of many people working for such corporations.  vaberella   Dec-05-11 04:48 AM   #29 
  - It's truly a miracle that the Dems got HCR passed.  tridim   Dec-04-11 10:55 AM   #4 
  - No, they won't, it didn't happen like a miracle overnight. Funny that the ardent haters that accuse  Pisces   Dec-04-11 11:00 AM   #7 
  - Obama is the worst president ever.  Life Long Dem   Dec-04-11 10:59 AM   #6 
  - that should be a big fucking hint for some  Whisp   Dec-04-11 04:25 PM   #10 
     - Gee, maybe the President ISN'T the best Republican evah.  CakeGrrl   Dec-04-11 06:15 PM   #18 
  - One can only...  ClassWarrior   Dec-04-11 06:00 PM   #13 
  - .  ClassWarrior   Dec-04-11 10:16 PM   #22 
     - .  ClassWarrior   Dec-05-11 07:45 AM   #30 
  - Its not just that the MLR is restricted to 80%. They also have to negotiate  grantcart   Dec-04-11 06:03 PM   #16 
  - Yes, 5-10 years tops.  joshcryer   Dec-04-11 10:32 PM   #23 
  - Only if SCOTUS lets it remain as law next year.  Kablooie   Dec-05-11 01:42 AM   #26 
  - That's going to be an interesting one.  joshcryer   Dec-05-11 01:56 AM   #28 
  - This is why I'm thinking maybe the bomb was released too early.  Hutzpa   Dec-05-11 11:34 AM   #32 
  - According to the GAO a substantial majority of insurers meet MLR requirements now.  bornskeptic   Dec-06-11 06:42 AM   #33 
     - Note that the large group is 89.5 already. The low 80 MLR is to not completely suffocate...  joshcryer   Dec-06-11 06:49 AM   #35 
 

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