Medical Loss Ratio

Definition

  • A ratio used by insurance companies comparing the total cost of health benefits to premiums earned in a set period of time.

Synonyms
medical insurance earnings, medical non-profit ratio, insurance company revenue

Related Terms and Acronyms

  • Earned Premium (EP) Acronym,
    • The amount of premiums that an insurer has collected from an insurance policy at a given time.
  • Health Insurance (HI) Acronym,
    • Insurance that covers the costs of medical expenses for insured persons.
  • Lapse Ratio Definition,
    • A ratio that compares how many life insurance policies have lapsed from the beginning year to the end.
  • Loss Ratio Definition,
    • A method of comparing an insurer's losses to premiums earned in a specific period of time.
  • Premium-to-Surplus Ratio Definition,
    • A method used to determine an insurance company's financial stability.
  • Usual, Customary and Reasonable Fees Definition,
    • The expected cost of a medical treatment, and what an insurance company is willing to pay.
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