Political Quotes

Janice Schakowsky: “By law, insurance companies have to spend at least 80 percent of their premium dollars on medical care and health…”

On the recordSeptember 14, 2011
By law, insurance companies have to spend at least 80 percent of their premium dollars on medical care and health quality improvement as opposed to administrative costs, marketing, executive salaries and bonuses.
Said by
Janice Schakowsky
Democratic · Illinois

Editor's note · Context

Schakowsky explains the medical loss ratio requirement for insurance companies.

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