Home No Sacred Cows Blog Walker Administration Waiver on Excessive Health Insurance Industry Profits and Overhead Rejected Today

No Sacred Cows


Feb 16
2012

Walker Administration Waiver on Excessive Health Insurance Industry Profits and Overhead Rejected Today

Posted by: Matt Brusky

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Federal Government Rules this Afternoon that No reason to waive standards in Wisconsin

This afternoon the U.S. Department of Health and Human Services Rejected a waiver requested by the Walker Administration that would have allowed insurance companies to dedicate more than 20% of premium dollars to profits and overhead.  The request for a waiver from the Medical Loss Ratio requirement under the Affordable Care Act was made in October by the Walker Administration.

Download the official rejection communication.

"This is a victory for Wisconsin health care consumers, who will receive over $14 million in rebates from health insurance companies with excessive profits and overhead," said Robert Kraig, Executive Director of Citizen Action of Wisconsin.  "Given the pain skyrocketing health insurance premiums are causing throughout Wisconsin, and rampant health insecurity which threatens so many working families, it is stunning (and highly revealing) that the Walker administration would seek to put industry profits ahead of the interests of consumers.  Fortunately the Federal Government rejected this attempt to undermine health insurance industry accountability."

For more information contact: Robert.kraig@citizenactionwi.org or call 414-322-5324

 

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