SPOKANE – Asuris Northwest Health more than met the federal requirement for spending on medical care in 2013 for all members, according to data filed today with the U.S. Department of Health and Human Services (HHS).
Medical spending for those who buy their own Asuris coverage was 91.2 percent; it was 85.1 percent for small groups and 92.1 percent for large groups.
The Affordable Care Act set standards for spending on care, called the medical loss ratio (MLR). Health insurers must spend 80 percent of premium on medical care for individual and small group pools and 85 percent for large group pools, or issue a rebate on premium. Insurers file MLR figures with HHS by June 1 annually.
“Our goal is to set premium that just about breaks even on paying members’ care and our cost of doing business on their behalf,” said Brady Cass, president of Asuris. “Our performance shows we exceeded the federal goal across the board for medical spending, in keeping with our nonprofit values.”
Find out more information about the company’s operations, community involvement and financial performance in the Asuris Northwest Health annual overview.
About Asuris Northwest Health
Asuris Northwest Health offers a full range of health care coverage options, including dental coverage, for eastern Washington employers and individuals. We also offer Medicare supplemental plans and Medicare Part D prescription drug coverage, and provide member access to more than 20,000 health care providers. Asuris is committed to improving the health of our members and our communities, and to transforming our health care system. For more information, please visit www.asuris.com or www.twitter.com/AsurisNWHealth. Asuris Northwest Health, a nonprofit health plan, is a subsidiary of Regence BlueShield, a leading health plan in Washington.
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