Tim Jost Discusses New Guidelines for Health Insurance Spending

Lexington, VA Friday, October 22, 2010

Prof. Timothy S. Jost
Washington and Lee law professor and health care expert Tim Jost is quoted in several media outlets on the new standards adopted by state insurance commissioners that will guide how health insurance companies spend premium dollars.

The new federal health care law stipulates that insurers spend at least 80 percent of premium revenue on medical claims or activities that improve the health of their customers. It was left to government regulators and the National Association of Insurance Commissioners (NAIC) to determine which activities count as improving health.

On Thursday, the state insurance commissioners unanimously endorsed the new standards, passing along the non-binding recommendations to the Obama administration.

Jost, who serves as a consumer representative on the NAIC, discussed the guidelines in several interviews with national news outlets.

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