FOR IMMEDIATE RELEASE
July 26, 2011
AARP Endorses Bill to Improve Value of Medigap Policies for Consumers
WASHINGTON—AARP today announced its endorsement of the “Medigap Medical Loss Ratio Improvement Act,” sponsored by Sen. John Kerry (D-MA) and Rep. Pete Stark (D-CA). The bill strengthens a key consumer protection, known as the medical loss ratio (MLR), for Medicare supplemental insurance plans to be consistent with MLR provisions in the Affordable Care Act. The bill requires Medigap plans to meet the same MLR standards now applied to other private health insurance: 80 percent in the individual and small group market and 85 percent in the large group market. This legislation ensures seniors get better value for their health care dollars. A statement from AARP Executive Vice President Nancy LeaMond follows:
“We’re pleased to endorse this legislation, which gives seniors with Medigap policies the same protections as those in other private insurance markets. Seniors—especially those with fixed incomes—want to get the best value from their health insurance. Insurance companies should be spending their customers’ hard-earned dollars on health care—not administrative costs. This bill will help seniors get better value for the care they need. We applaud Rep. Stark and Sen. Kerry for championing this important legislation.”
For a complete copy of AARP’s endorsement letter, please contact AARP Media Relations at firstname.lastname@example.org.
AARP is a nonprofit, nonpartisan organization with a membership that helps people 50+ have independence, choice and control in ways that are beneficial and affordable to them and society as a whole. AARP does not endorse candidates for public office or make contributions to either political campaigns or candidates. We produce AARP The Magazine, the definitive voice for 50+ Americans and the world's largest-circulation magazine with over 35.1 million readers; AARP Bulletin, the go-to news source for AARP's millions of members and Americans 50+; AARP VIVA, the only bilingual U.S. publication dedicated exclusively to the 50+ Hispanic community; and our website, AARP.org. AARP Foundation is an affiliated charity that provides security, protection, and empowerment to older persons in need with support from thousands of volunteers, donors, and sponsors. We have staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
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