Prof. Timothy S. Jost
The new federal health care law stipulates that insurers spend at least 80 percent of premium revenue on medical claims or activities that improve the health of their customers. It was left to government regulators and the National Association of Insurance Commissioners (NAIC) to determine which activities count as improving health.
On Thursday, the state insurance commissioners unanimously endorsed the new standards, passing along the non-binding recommendations to the Obama administration.
Jost, who serves as a consumer representative on the NAIC, discussed the guidelines in several interviews with national news outlets.
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