News Headlines Article

Almost $12M on the way in health insurance refunds, thanks to Affordable Care Act
Sacramento Business Journal

Individuals and businesses in California will get almost $12 million in refunds from health insurers this summer because of the Affordable Care Act. The health reform law requires health plans that cover individuals and small businesses to spend at least 80 cents of every premium dollar on direct services and other programs to improve care. The requirement goes up to 85 cents on the dollar for large business clients. Federal law requires rebates to be sent by Aug. 1.