The question I have is whether there is an industry left after this. Can the industry pay out 80% (or whatever the mandate is) on medical expenses and still be viable? I would love to see some number on the income statement for the industry that broke out the data. I am sure it is out there somewhere.
Depending on who does the report, but many of the non-profits are well above this number now whereas it's only the small for profit group insurers that might not meet this number currently.
By the way, Property and Casualty Insurers have a pay ratio of 40% and Auto insurers are less than 50%.