HHS Announces $2.1 Billion Savings Due to ACA as First Round of MLR Audits Begins
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On September 11, the US Department of Health and Human Services (HHS) announced that the Affordable Care Act (ACA) saved consumers an estimated $2.1 billion over the course of a one-year time period, comprised of $1 billion in savings due to ACA rate review rules for health insurance issuers and $1.1 billion in actual rebates related to ACA medical loss ratio (MLR) regulations, which generally require health insurance issuers to spend 80%-85% of premiums on medical care claims.
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