You told them not to do it. Last week activists sent nearly 25,000 messages to state insurance commissioners urging them to stop a resolution that will gut the rule that keeps insurance premiums in check.
This rule, called the medical loss ratio (MLR), requires insurance companies to spend at least 80% of your premiums on medical care instead of using it to pad their profits and pay millions to their CEOs. If your insurance company doesn’t spend enough of your premiums on health care, they’ll owe you a rebate.
They didn’t listen. On Tuesday, insurance commissioners will vote on a resolution directing Congress and HHS to cancel more than $1 billion in the rebates owed to you and let insurance companies keep the money instead.
The truth is that the medical loss ratio works and has already lowered premium rates for some Connecticut residents by 19 percent! It’s no surprise that insurance companies want to kill it. Health insurance companies continue to make record profits, and their CEOs have collected more than $1 billion in personal compensation in the last decade while the majority of Americans are barely getting by. This isn’t business – it’s robbery.
Fight this greed-driven corporate power today.
In Solidarity,
Melinda Gibson
Health Care for America Now
Be a Seed for Change 
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