Sen. Bill 322 is similar to the law being implemented in Massachusetts, which set the ratio at 83 percent, according to a May 22 news release from the American Dental Association.
A medical loss ratio would require dental insurers to spend a set percentage of premium dollars on providing patient care, otherwise the difference is refunded.
More than 72 percent of Massachusetts voters approved a medical loss ratio, creating momentum and support for other states to establish similar measures. In 2023, 11 state dental societies were able to introduce medical loss ratio legislation, the release said.
At the Becker's 5th Annual Future of Dentistry Roundtable, taking place November 12–14 in Chicago, dental leaders and executives will gain insights into emerging technologies, practice growth strategies and the evolving landscape of dental care delivery, with a focus on innovation, patient experience and operational excellence. Apply for complimentary registration now.
