I 111th CONGRESS 1st Session H. R. 2833 IN THE HOUSE OF REPRESENTATIVES June 11, 2009 Mr. Ellison (for himself, Ms. Schakowsky, Mr. Tierney, and Mr. Johnson of Georgia) introduced the following bill; which was referred to the Committee on Energy and Commerce A BILL To require a minimum loss ratio for 90 percent for health insurance coverage offered through an insurance exchange.

1.

Requirement of minimum loss ratio of 90 percent for a health insurance plan to be offered through an insurance exchange

(a)

In general

No health insurance coverage may be offered through a health insurance exchange (as defined in subsection (b)) unless the coverage is demonstrated to have a medical loss ratio (as defined by the Secretary of Health and Human Services) of at least 90 percent. (b)

Definitions

In this section: (1)The term health insurance exchange means a mechanism established or recognized under Federal law, whether operated at a national, regional, or State level, that provides a coordinated, centralized mechanism for offering for purchase to individuals (and others) of health insurance coverage from more than one health insurance issuer. (2)The terms health insurance coverage and health insurance issuer have the meanings given such terms in section 2791 of the Public Health Service Act. (c)

Effective date

This section shall apply to health insurance coverage offered on or after January 1, 2010.