|By Ryan Murray, Daily Inter Lake, Kalispell, Mont.|
|McClatchy-Tribune Information Services|
The rule allowing for the refunds, the "80/20" rule, stipulates that insurance companies must spend 80 percent of all premium dollars on patient care and quality improvement activities.
Any money less than that 80 percent spent on profits or administrative costs must be refunded.
A total of 14,170
Americans can expect
The 80/20 rule was put into the Affordable Care Act, also known as Obamacare, to stymie growing insurance premiums and keep the companies running efficiently.
Health and Human Services Secretary
Other standards in the Affordable Care Act, such as a required review of proposed premium increases, are also intended to lower costs for consumers.
The refunds are available in a variety of ways, including a refund check in the mail, a lump-sum reimbursement to a previously used card account, a reduction in future premiums or an employer using the refunds to improve health coverage.
(c)2014 the Daily Inter Lake (Kalispell, Mont.)
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