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Under the Patient Protection and Affordable Health Care Act, health insurance issuers are required to spend a minimum percentage of their premiums, called a medical loss ratio (MLR), on health care and health care quality improvement activities. Health insurance issuers that do not meet this minimum, which is at least 80 or 85 percent of their premiums, must pay a rebate to consumers.
ABC member Markwayne Mullin, owner of Mullin Plumbing, Inc., Broken Arrow, Okla., and a member of ABC’s Oklahoma Chapter, on Aug. 28 won a runoff race that allows him to compete for a seat in the U.S. House of Representatives.