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HB 531: Minimum Medical Loss Ratios: Testimony to the House Insurance Committee

  

Author:
Stacey Pogue /(512) 320-0222 x 117

March 24, 2009

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Consumers and employers deserve to know that their hard-earned money going to health insurance premiums is used by insurance companies primarily for health care costs rather than insurance company administration, marketing, and profits. HB 531 sets standards for how insurance companies use premiums dollars that will introduce a much needed level of accountability and transparency to the health insurance market.