Who gets health insurance rebates under new law
|By The Associated Press|
Here's how the law works:
_ Insurers covering individual consumers and small employers must spend at least 80 percent of the premiums they collect on medical care and quality improvements. The benchmark is 85 percent of premiums for insurers covering large employers.
_ Insurance companies must provide rebates if they do not meet those standards.
Who gets refunds:
_ Almost one-third of consumers in the individual market will get rebates averaging
_ Average amounts will vary significantly by state. The highest will be paid to consumers in
_ Nationwide, rebates to individual consumers will total
_ In the small employer market, 146 insurance plans covering nearly 5 million workers and dependents will issue
_In the large employer market, 125 plans covering 7.5 million workers and dependents will issue
Online: Kaiser report - http://www.kff.org/healthreform/8305.cfm
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