The Health and Human Services Department determined that two companies, Aetna and Humana, met the 80 percent threshold in 2010 and that six others intended to adapt to the standard or would be sufficiently profitable to issue rebates
“Based on this, we do not expect any issuers to withdraw from the Oklahoma individual market,” the department said.
If the companies' ratios for 2011 are similar to those in 2010, six companies would owe about $16 million in rebates to their customers. Golden Rule and Health Care Service Corp. would have the largest obligations, according to the Health and Human Services Department.
Doak said Wednesday that some of the companies might have to comply with the standard by
“Simply put, competition is good for consumers and these MLR requirements could very well
Oklahoma's congressional delegation wrote a letter to the federal department supporting Doak's position, but consumer groups and the Oklahoma Policy Institute opposed the state's request.