Health Care: Commissioners Leave Toughest Medical Loss Ratio Calls to HHS
• "State insurance commissioners can check a major task off their list after unanimously passing a final model for the new health care law's medical loss ratio," CongressDaily (subscription) reports. "But now the Health and Human Services Department must quickly address thorny tax and implementation questions before it issues a final rule."
Leonard D. Schaeffer
Biography provided by participant
Leonard D. Schaeffer was founding Chairman & CEO of WellPoint, the nation's largest health insurance company, and its predecessor company, Blue Cross of California, from 1984 through 2004 and served as Chairman through 2005. He is currently Chairman of Surgical Care Affiliates and a Senior Advisor to TPG Capital. Mr. Schaeffer's public service appointments included Administrator of the federal Health Care Financing Administration (now CMS); Assistant Secretary for Management and Budget of the federal Department of Health, Education and Welfare; Director of the Illinois Bureau of the Budget, Chairman of the Illinois Capital Development Board and Deputy Director of the Illiniois Department of Mental Health. He was the Regent's Lecturer at the University of California at Berkeley and is the Judge Robert Maclay Widney Professor at the University of Southern California. Mr. Schaeffer serves on multiple boards, including Allergan, Inc., Amgen, Inc., the Brookings Institution, Harvard Medical School Board of Fellows, RAND Health Board of Advisors and the National Institute for Health Care Management. He is a member of the Institute of Medicine and a founding member of the National Academy of Social Insurance.