Wednesday, March 28, 2012

Wednesday ObamneyCare© Update

Even as the Supremes wrap up their little shindig, the train-wreck itself keeps on keepin' on:

"As the first quarter of 2012 comes to an end, more activities related to the Medical Loss Ratio (MLR) provision of [ObamneyCare©] will occur ... Foremost among these is the April 1 filing of a Supplemental Health Care Exhibit (SHCE) ... to assist state regulators in identifying and defining elements that make up MLR."

But that's just the beginning; there's more!

"In early April, [carriers] will mail letters concerning MLR to two groups of customers ... employers that are non-ERISA and non-government entities (such as churches and tribal groups) and may also be eligible for a rebate ... request that these employers provide written assurance that a certain portion of any potential MLR rebate paid to them will be used for the benefit of their subscribers."

Did you know about this requirement? Does your employer?

And there's this:

"[Carriers] will be legally required by [HHS Secretary Shecantbeserious] to pay the entire amount of any owed rebate directly to the subscribers of any terminated groups that cannot be located."

Of course! What could possibly go wrong with that?
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