WASHINGTON, Nov. 23 (UPI) -- New U.S. regulations require health insurance companies to spend 80 percent to 85 percent of premiums directly for patients and not overhead, officials said.
Health and Human Services Secretary Kathleen Sebelius says the regulation, known as the "medical loss ratio" provision of the Affordable Care Act, said healthcare reform requires insurance companies publicly report how they spend premium dollars beginning in 2011.