Feds deny Florida’s request to phase in health insurance profit cap

The federal government announced today that it has denied Florida’s request to phase in a medical loss ratio (MLR) requirement for health insurance companies.

According to the Centers for Medicare and Medicaid Services, the federal agency has “determined that the evidence presented does not establish a reasonable likelihood that the application of the 80 percent MLR standard will destabilize the Florida individual market. Consequently, we have determined not to adjust the MLR standard in the Florida individual market and, thereby, ensure that consumers receive the full benefit of this provision of the Affordable Care Act.”

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Feds deny Florida’s request to phase in health insurance profit cap | Florida Independent