BIDEN ADMINISTRATION SHOULD RESCIND THE 80/20 RULE. IT DOES HARM TO HEALTHCARE On the heels of the Biden Administration issuing its interim final rule related to the No Suprises Act, I am urging the federal government to take further action to drive down healthcare costs. The Administration should consider rescinding the 80/20 Rule, also known as the Medical Loss Ratio. The company I founded, TALON, already has clients in 49 states who have turned to the company to achieve compliance with both the No Surprises Act and Transparency in Coverage Rule. TALON's MyMedicalShopper app and related software products were viewed as gold standards by the government as the Rule and Act were fashioned. Because it is clear the 80/20 Rule actually incentivizes insurers to waste subscriber premiums. In simple terms, the 80/20 Rule means that insurers must spend 80 percent of their revenue from premiums to pay for the healthcare of their subscribers. Americans have received rebate checks from their health insurers when the Medical Loss Ratio doesn't "measure up" to the 80/20 Rule. Rebate checks look good, but when Minnesota's former Senator Al Franken championed them as part of the Affordable Care Act, he didn't think about how the 80/20 rule would affect the psychology of health insurance companies. The truly good news about the Biden Administration issuing its interim final rule related to the No Surprises Act and the prior issuing by the Trump Administration of the Transparency in Coverage Rule should be accompanied by the President rescinding the 80/20 Rule by Executive Order. The Biden Administration would only further those goals by surgically removing the cancerous 80/20 Rule. Contact Us At: https://talonhealthtec h.com/