Health insurers are on the hook for an estimated $1.3 billion in rebates by August of this year, if they were not in compliance with the Medical Loss Ratio provision of the Patient Protection and Affordable Care Act for 2011, according to analysis by the Henry J. Kaiser Family Foundation.
The report, “Insurer Rebates under the Medical Loss Ratio: 2012 Estimates” finds that nationwide, 215 insurance plans covering approximately 3.4 million people report that they expect to issue a rebate to individual market consumers.
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