Tell me what is wrong with this provision...something the rethuglicons would have never ever done for anyone that is insured...THAT'S FOR SURE!!!Health Insurance Rebates on the Way
Thanks to a provision in the health care reform law, millions of consumers will be receiving rebates from their insurers this summer. By Aug. 1, insurers that failed to meet one of the early guidelines of the Affordable Care Act are going to issue rebates averaging $127 to certain policyholders, according to estimates from the Kaiser Family Foundation.
Under the law, large employer-sponsored plans must spend 85% of a policyholders' premiums this way, while insurance companies that cover individuals and small businesses have to spend at least 80%. If an insurer fails to meet that threshold, they must issue a refund.http://finance.yahoo.com/news/health-insurance-rebates-way-140000508.htmlOf course if you rethugs get your way the law will be struck down and the insurance companies will get to keep the money...I know that will make you feel much better....
Based on insurers' recent filings to the National Association of Insurance Commissioners, those rebates will total $1.3 billion altogether this year, according to Kaiser.