Riley Forces Insurance Companies to put Patients Over Profits

This press release from Representative Josh Riley (D-NY) was published on Thu Mar 19 and titled "Riley Forces Insurance Companies to put Patients Over Profits". It focuses on healthcare.

Riley Forces Insurance Companies to put Patients Over Profits

U.S. Representative Josh Riley (NY-19) today announced he is co-leading the bipartisan Care Over Profits Act (H.R. 7861) to force health insurance companies to spend more of the money families pay in premiums on actual care. The bill would raise the required Medical Loss Ratio from 80 percent to 85 percent and impose penalties on agents and brokers who fraudulently create or modify Affordable Care Act marketplace plans without a patient’s consent.