Feds reject Walker request for waiver from health insurance mandate

[TheNewMe]

Feds reject Walker request for waiver from health insurance mandate
February 16, 2012 - MKE Politics

Quote:The U.S. Department of Health and Human Services today rejected a waiver requested by the Walker administration that would have allowed Wisconsin insurance companies to keep more than 20 percent of their premium dollars for profits and overhead.
...
Under the Affordable Care Act, consumers insurance companies are required to spend 80 to 85 percent of premium dollars on medical care and health care quality improvement, rather than on overhead costs. If they don’t, the insurance companies will be required to provide a rebate to their customers, starting in 2012. The policy is known as the “medical loss ratio” (MLR) provision of the Affordable Care Act.
...
"This is a victory for Wisconsin health care consumers, who will receive over $14 million in rebates from health insurance companies with excessive profits and overhead," said Robert Kraig, executive director of Citizen Action of Wisconsin, a liberal activist group. ... it is stunning (and highly revealing) that the Walker administration would seek to put industry profits ahead of the interests of consumers. ..."

Scott Walker: Isn't he recalled yet?

[There Is No Spoon]

Why don't Republicans just machine gun their constituents to death? They seem to despise the "we the people" that much.

[janedrake]

"And boom, goes the dynamite!"

[Blue_Roses]

but understanding insurance is like learning a foreign language for me. Anything that makes Scott Walker miserable is good enough for me.