U.S. News

BRIEF-US Senator cautions on health insurer MLR spending ratios


WASHINGTON, May 10 (Reuters) - U.S. Senate Commerce Committee Chairman Senator John Rockefeller on Monday: * expressed concern that health insurers are trying to "water down" medical loss ratio (MLR) provisions called for in health reform law * sent letters to U.S. health secretary, National Association of Insurance Commissioners * said data shows many insurers already meet MLR requirements but not in all markets or insurance products * said insurers are focusing on two key areas: aggregating information "in a way that conceals important variations in the health insurance market" and classifying "as many expenses as possible" as medical costs * Rockefeller posted the letters on the committee's website at http://commerce.senate.gov (Company news desk in Washington; +1 202 898 8400, washington.newsroom@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.