teresa miller

Oregon Votes “No” on NAIC Resolution Involving Medical Loss Ratio

The Lund Report

November 23, 2011 -- Oregon voted “no” Tuesday on a National Association of Insurance Commissioners (NAIC) resolution that recommends changes to how agent commissions are considered in the medical loss ratio provisions of the Affordable Care Act.

The medical loss ratio calculation requires that insurance companies spend a certain percentage of premium dollars on medical care versus administrative costs and profit. Companies that fail to do so must provide rebates to their policyholders.

Insurance Commissioner Calls Regence Article Misleading

The Lund Report

OPINION – November 16, 2011 – I wanted to follow up on your article titled “Regulators Didn’t Question $56 million payout by Regence BlueCross BlueShield” because I am concerned the article is misleading and does not provide the public with accurate information.

Regulators Didn’t Question $56 Million Payout by Regence BlueCross BlueShield

The Lund Report
Five months before Regence asked for a 22.1 percent rate increase, the insurer paid a $56 million dividend to its holding company; some of those funds were used to launch Sprig Health

November 10, 2011 – When state regulators approved a 12.8 percent rate increase for Regence BlueCross BlueShield earlier this year, they were aware that the insurer had dipped into its surplus account and given a $56 million dividend to its holding company just five months earlier.

Subscribe to teresa miller