News Headlines Article

Health insurers will refund $65M in California by Aug. 1
Sacramento Business Journal

Individuals and businesses in California will get more than $65 million in refunds from health plans by Aug. 1, but more than half that amount will come from one insurer: Blue Shield. The Affordable Care Act 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.