Florida health insurance companies will rebate $54.3 million to consumers, down from $123.6 million in rebates a year ago, the U.S. Department of Health and Human Services announced June 20. Under the 2010 health reform law, insurers must spend 80 percent of premiums collected on medical claims, known as the medical-loss ratio, or issue a customer rebate for the difference. Checks are due Aug. 1. Nationwide, insurers are expected to rebate $504.1 million, compared to the $1.1 billion in rebates…
Reported by bizjournals 5 days ago.
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