News Headlines Article

Health reform forces insurers to issue $59M in refunds
Sacramento Business Journal

Individuals and businesses in California will get almost $59 million in refunds from five major health plans by Aug. 1, thanks to new rules imposed by federal health reform. 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 medical services and other programs that improve care. The requirement goes up to 85 cents on the dollar for large business clients.

Commands