Report: $40 Million in Rebates Could Be on the Way to Virginians

Tuesday, May 1st, 2012

By Monique Coppola, Public News Service-VA

The check could be in the mail by August 1 for some individuals and businesses in Virginia. According to an analysis by the Kaiser Family Foundation, 17 health-insurance plans collected about $40 million more than they should have, and will now have to pay it back to consumers under the new health-care reform law (ACA).

Jill Hanken, staff attorney with the Virginia Poverty Law Center, says the rebate is unprecedented.

“The Affordable Care Act requires health-insurance plans to pay a certain amount of every premium dollar collected towards actual health-care services. This is called the medical loss ratio.”

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Published May 1, 2012

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