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IL HB2888

Bill

Official Source

Status

Failed

1/8/2013

Primary Sponsor

Michelle Mussman

Click for details

Origin

House of Representatives

97th General Assembly

AI Summary

  • Amends the Illinois Insurance Code by adding Section 354a regarding minimum medical loss ratio requirements
  • Requires all insurers issuing, delivering, amending, or renewing group or individual accident and health insurance policies or managed care plans to spend at least 85% of aggregate premiums collected on health care benefits
  • Applies to policies and plans issued after the effective date of the amendment
  • Establishes a medical loss ratio floor to ensure insurers dedicate a minimum portion of premium revenue to actual health care expenditures

Legislative Description

INS CD-MINIMUM MED LOSS RATIO

Last Action

Session Sine Die

1/8/2013

Committee Referrals

Rules3/17/2011
Health Care Availability/Accessibility2/24/2011
Rules2/22/2011

Full Bill Text

No bill text available