Health insurers in 2011, including Blue Cross Blue Shield plans, faced complying with the minimum loss ratio requirement for individual, small group and large group fully insured business, as well as rate reviews for rate increases of 10% or more for the individual and small group markets, according to a new briefing from A.
What does LR stand for?
LR stands for Loss Ratio
This definition appears very frequently and is found in the following Acronym Finder categories:
- Science, medicine, engineering, etc.
See other definitions of LR
We have 63 other meanings of LR in our Acronym Attic
- Location Register
- Lode Runner (game)
- Logger's Run (amusement park ride)
- Logical Region (US Army battle field modeling)
- Logistic Regression (statistical analysis)
- Long Radius (pipe elbow)
- Long Reach (fiber)
- Long Rifle
- Lorry Receipt
Samples in periodicals archive:
At that point, insurers would be required to meet the 80/20 medical loss ratio requirement established by health reform.
Under the medical loss ratio provisions, large employers, and employees who contribute to premiums, will be entitled to retroactive premium refunds if their carrier spends less than 85 percent of premiums for reimbursement of clinical care and on "activities to improve health care quality.
For the companies examined here, the average company loss ratio varied from 58.
For example, in the four states with the highest mean catastrophe loss ratio during the sample period, the median R-squared for homeowners insurers in each state exceeds fifty percent, and the median R-squared exceeds seventy five percent in three of these states.
The settlement price of the June index, which is 65 here, is the loss ratio for January through March, with a runout through June.