While the term "medical-loss ratio" may be health care jargon to consumers, they're about to find out what it means in the form of a check from their insurance company next week. This "MLR" provision of the federal health care overhaul requires insurance companies to spend a minimum of 80 percent of their revenue (85 percent for large groups) on health care costs, as opposed to marketing, administrative costs or other non-medical fees.
- Source: Sacbee
