How Are Employer Medical Premium Dollars Being Spent?
Friday, July 4th, 2008 The Texas Medical Association and the National Federation of Independent Businesses have teamed up to help their members, most of which are small business owners, find out how much of their medical premium dollars are actually being spent by insurers on health care.
Thanks to a little-known piece of legislation passed by the Texas Legislature in 2007, insurance companies must disclose this information, reported the Houston Business Journal. TMA and NFIB hope that if enough small business owners demand this information and then use it to contest premium-rate increases or to shop for better pricing, it might be a small step toward more transparency and competition in the health insurance market, the Business Journal added.
Houston Business Journal, June 13, 2008
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