Calculate their medical loss ratio

Assignment Help Accounting Basics
Reference no: EM131606522

Question - Do an internet search on Medical Loss Ratio and spend a few minutes reading about it. Under the Health Care Reform law, insurers and HMOs have to pay rebates to policyholders if they don't meet an MLR standard of at least 80 percent (for individuals and small groups) or 85 percent (for large groups).

Here is an example: Look at Aetna's 2015 annual report at the following link: Aetna Reports, Filings and Statements. On page 82 of the annual report (page 88 of the Adobe file) you'll find the income statement. It shows they collected Health Care Premiums of $51,618 and spent Health Care Costs of $41,712. That is about 81%. Thus, for every dollar collected in premiums, they paid out 81 cents in benefits.

Look up the annual report and income statement (again, actual income statement-no aggregators) of a publicly-traded health insurance company. Calculate their Medical Loss Ratio. Which benchmark (80%/85%) applies to them? Are they within the guideline?

Post a link to the income statement you are using.

Reference no: EM131606522

Questions Cloud

Someone trying to be an invisible sponsor : 1. Were Al Zink's actions that of someone trying to be an invisible sponsor?
Required to achieve the firm''s desired rate of growth : What is the debt-equity ratio that is required to achieve the firm's desired rate of growth?
Forward contracts to re-denominate this bond into dollars : If a dollar-based investor used forward contracts to re-denominate this bond into dollars, what would be his rate of return?
What role do the given entities play in your personal lives : What role do these entities play in both your personal and business lives...and, to what degree do you follow level of interest rates and market valuations...?
Calculate their medical loss ratio : Look up the annual report and income statement of a publicly-traded health insurance company. Calculate their Medical Loss Ratio
Best data type to use to store the given data in oracle : Identify the best data type to use to store the following data in Oracle, in SQL Server, and in Access.
Develop the elements of an effective learning plan : Throughout this course, you've examined how to develop the elements of an effective Learning Plan.
What types of communication were used during the incident : What types of communication/procedures were used during this incident? Provide examples on the information that was disseminated .
Why it is important to monitor client’s debt to equity ratio : Tell me why it is important to monitor a client’s debt to equity ratio? What happens when there is too much debt?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Executive officers of dominick company are wrestling with

executive officers of dominick company are wrestling with their budget for the next year. the following are two

  What is the total reservation cost

What is the total reservation cost if 200,000 passengers take the trip next month?

  When you typically enter a front door to any business

When you typically enter a front door to any business, you would normally see right off the bat what that business' main focal point is or what their mission statement is.

  Entry to assign overhead to production

At Ace Company, overhead is assigned to production departments at the rate of $5 per machine hour. In July, machine hours were 3,000 in the Machining Department and 2,400 in the Assembly Department. Prepare the entry to assign overhead to producti..

  What is the related section of apes110 and it is a threat

the consulting department at auditing company has tendered for it installation project at a company. the fees form this

  A study has been conducted to determine if one of the

a study has been conducted to determine if one of the departments in parry company should be discontinued. the

  Mian sells american gourmet foods to merchandisers in

mian sells american gourmet foods to merchandisers in singapore. prepare the journal entries for mian to record the

  Prepare a trading account for the restaurant and bar

The following is a summary of the Cash Book of Benworth Social Club for the year to 31st December, 1962.

  On april 1 2009 quirk issued 500000 9 bonds for 537868

prepare journal entries to record the following transactions related to long-term bonds of quirk co.a on april 1 2009

  Mags pie shop is a rapidly growing baker anddistributor of

mags pie shop is a rapidly growing baker anddistributor of specialty pies for festive occasions. magscpa adviser keeps

  What does the term unlimited liability mean

Assume that Amey and Lacey are partners. Lacey dies, and her son claims the right to take his mother's place in the partnership. Does he have this right?

  The canadian instruments company cic uses a decentralized

the canadian instruments company cic uses a decentralized form of organizational structure and considers each of its

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd