News Headlines Article

Health insurers owe rebates to many California policyholders
Los Angeles Times

Anthem Blue Cross owes some California policyholders nearly $40 million in rebates and nonprofit rival Blue Shield of California owes about $11 million under a requirement of the federal healthcare law.

Nationwide, insurers had to notify federal and state officials by Friday of how much they owe customers if the companies failed to spend a minimum amount of customers’ premiums on medical care last year. Insurers must pay these rebates by Aug. 1.