03/19/2017
https://www.congress.gov...
"The medical loss ratio provision, which I authored and which was included in the health care law, requires that insurers spend 80 to 85 percent of the premium dollars they receive on actual health car..."
"We have put things in place, like the Medical Loss Ratio that have actually bent the cost curve on the cost of insurance thus far."
"We have seen nearly 13 million Americans, 12.8 million Americans, benefit from rebates because the insurance companies have to rebate when they don't get there."
"I am saying that in the last 3 years since we have passed the Affordable Care Act, we have had the lowest increase in insurance premiums than we have had in about 50 years."