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Committee hears bill to require 83% medical-loss ratio for dental plans
Summary
A House Industry, Business and Labor Committee hearing on House Bill 1481 drew competing testimony about a proposal to require dental insurers to spend at least 83% of premiums on patient care. Supporters called the change a consumer-protection transparency measure; insurers warned it could raise premiums or shrink plan options.
The House Industry, Business and Labor Committee heard testimony on House Bill 1481 at a committee hearing regarding a proposed requirement that dental insurers spend at least 83% of premium dollars on dental benefits, proponents and opponents said.
Sponsor Representative Jim Casper, R-District 46, introduced the bill and said the measure is intended to increase transparency in dental insurance and help employers and employees evaluate plan value. "This bill deals with dental insurance and what's called the medical loss ratio," Casper said, adding an amended draft was being offered to the committee.
The bill's lead supporter, William Sherwin, executive director of the North Dakota Dental Association, told the committee the proposal is aimed at aligning insurer incentives with patient care. "We feel it is fair and equitable that of your premiums, you can have 17% for your overhead, for your administrative costs, and your profits, but the…
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