1. Short title This Act may be cited as the Medical Loss Ratio Accountability Act of 2017 . 2. Audits of medical loss ratio reports submitted with respect to group or individual health insurance coverage Section 2718 of the Public Health Service Act ( 42 U.S.C. 300gg–18 ) is amended— (1) in subsection (b)(3), by inserting , including with respect to the submission of any information that, pursuant to an audit conducted under subsection (f), is found to be untruthful or inaccurate after penalties