Checking in on the NAIC: Work in Progress to Update Model State Laws to Comply with the Affordable Care Act
…recommended medical loss ratio standard, developing the template for insurers to justify premium rate increases, and drafting a consensus recommendation for the summary of benefits and coverage. But that doesn’t mean the NAIC’s work is done when it comes to ACA implementation. Because the law assumes that states will maintain their traditional role as the primary regulators of health insurance,…