Under the PPACA medical loss ratio (MLR) rules, which statement is correct?

Question

Accepted Answer

Individual market insurers must spend at least 80% of premiums on claims and quality; large group plans must spend at least 85%

Answer

Individual insurers must spend at least 85% and large group plans at least 80% on claims

Answer

All insurers must spend at least 90% of premiums on claims regardless of market

Answer

The MLR applies only to Medicare Advantage plans, not to commercial insurance

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