Senate President Therese Murray is expected to propose alternative health insurance legislation to address the issue of escalating insurance costs for small businesses. This legislation focuses on streamlining administration costs of insurers under the “efficiency guarantee”. 90 percent of premiums will need to go toward medical services, rather than administrative costs.
“While some cost-drivers are beyond direct control of health insurance companies, carriers must be held to a higher standard and a more transparent regulatory structure if we want to provide premium relief to small businesses and eliminate cost-shifting among different-sized businesses,” said Murray.
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Tags: health insurance, regulation, Therese Murray
