U.S. Rep. Mike Rogers, MI-08, issued the following statement after the Obama Administration denied the state of Michigan's request to receive a waiver from the onerous Medical Loss Ratio (MLR) mandate included in the President's new health care law:
"Today's decision will cause job losses throughout the state, and force families in Michigan to lose the current health coverage of their choice. More than 340,000 people in Michigan receive their health coverage in the individual market. Many health plans in the state will not be able to meet the burdensome MLR standard, forcing some to scale back coverage or leave the state altogether. It is without a doubt the immediate result of a misguided federal mandate that assumes faceless Washington bureaucrats know best.
According to Michigan's waiver request, the MLR standard will cause ""significant disruption'" in the state's insurance market. As many as eight companies are predicted to leave Michigan without a waiver of the MLR rule.
"Today's decision means that employers will leave our state, jobs will be lost and Michigan families will pay the price with fewer choices and higher costs in health insurance. I am disappointed that President Obama has once again broken his pledge to the American people that "if you like your plan, you can keep it.'"