United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office Health, Education, and Human Services Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1995-08-23 monographic deposited born digital 108 p. GA 1.13:HEHS-95-151 https://www.govinfo.gov/app/details/GAOREPORTS-HEHS-95-151 P0b002ee180376c02 f:he95151 DGPO 2010-08-12 2011-03-28 GAOREPORTS-HEHS-95-151 machine generated eng fdlp REPORT GAOREPORTS-HEHS-95-151 HEHS-95-151 Medicare programs Loss ratio Insurance premiums Insurance companies Insurance regulation Compliance Health insurance cost control Elderly persons Public health legislation Medigap Letter Report HEHS S3000 Pursuant to a congressional request, GAO reviewed benefit payments by Medigap policies between 1988 and 1994, focusing on trends in Medigap insurers' aggregate loss ratio performance.<p/>GAO found that: (1) the Medigap market grew from $7.3 billion to $12.1 billion between 1988 and 1993; (2) Medigap insurers' aggregate loss ratios were stable from 1988 to 1991, but these ratios decreased about 10 percent by 1993 to an aggregate 75 percent for individual policies and 85 percent for group policies; (3) the percentage of Medigap policies that failed to meet loss ratio standards increased from 19 percent in 1991 to 38 percent in 1993; (4) the premium dollars spent on such policies increased from $320 million in 1991 to $1.2 billion in 1993; and (5) in the future, insurers will be required to give refunds or credits on substandard policies. https://www.govinfo.gov/content/pkg/GAOREPORTS-HEHS-95-151/html/GAOREPORTS-HEHS-95-151.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-HEHS-95-151/pdf/GAOREPORTS-HEHS-95-151.pdf GAO/HEHS-95-151 https://www.govinfo.gov/app/details/GAOREPORTS-HEHS-95-151 Letter Report GAO/HEHS-95-151; Medigap Insurance: Insurers' Compliance with Federal Minimum Loss Ratio Standards, 1988-93; Medicare programs Loss ratio Insurance premiums Insurance companies Insurance regulation Compliance Health insurance cost control Elderly persons Public health legislation Medigap Public Law 96-265 Public Law 101-508 Public Law 103-432