One of the most controversial provisions of Affordable Care Act was codified today as the
The regulations require health insurers to spend 80% to 85% of premiums on direct care for patients and efforts to improve care quality, starting in 2011. HHS Secretary Kathleen Sebelius said the rules were crafted to restrict the money insurers allot for administrative costs, such as executive salaries, overhead and marketing.
“Thanks to the Affordable Care Act, millions of Americans will get better value for their health insurance premium dollar,” Sebelius said. “These new rules are an important step to hold insurance companies accountable and increase value for consumers.”
The Affordable Care Act required the
The