Explain medical loss ratio legislated in the aca


Problem: The "medical loss ratio" legislated in the ACA is: A. An insurer's requirement that enough of the premiums collected are put into reserves to cover 2/3 of actuarial projected claims volume B. An insurer's requirement that a minimum amount of collected revenues pays for medical care of patients C. A regulation that allows insurance companies to write off losses due to extraordinary care expenses D. A percentage of premium dollars spent that allows insurers to apply for reinsurance

 

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Accounting Basics: Explain medical loss ratio legislated in the aca
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