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Government
Legislators, advocates hope to reform insurance systemPublished 02/05/09
ANNAPOLIS - Legislators and health care leaders announced a package of bills Wednesday that would increase the percentage of insurance premiums health insurers must spend on health care, as opposed to administrative costs and profits.
By increasing these ratios from 75 percent to 85 percent in the small group market and 60 percent to 80 percent in the individual market, the insurance administration can make sure more money goes back to consumers for medical procedures, said Ralph S. Tyler commissioner of the Maryland Insurance Administration.
These numbers haven't been updated in more than 20 years, he said. "We...
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