Otherwise, They Can’t Afford Those Country Club Memberships 0
They want a mulligan. In my experience, persons who deal in good faith don’t need mulligans.
Bloomberg (emphasis added):
In 2009, UnitedHealth spent 82.3 percent of revenue from premiums to pay customers’ medical expenses and WellPoint spent 82.6 percent, according to company filings. While individual insurers now decide what categories to include in this ratio, the health law signed in March demands that all companies define medical costs the same way beginning in 2011.
Many insurers include only customer claims in their current ratios. They want to keep the number low to impress investors, said Sandy Praeger, of the National Association of Insurance Commissioners. Under the new law, lobbyists would include technology expenses, wellness programs and pay-for-performance incentives. That would make it easier to reach the 85 percent threshold, and free up revenue to boost profit.
