medical spending

Apr 27, 2012

Straight talk on health care reform: Coloradans to share in rebates as ACA's medical loss ratios kick in

Consumers and businesses nationwide will receive an estimated $1.3 billion in rebates in August from health insurance companies that spent more on administration, overhead and profits than allowed under the Affordable Care Act, according to the Kaiser Family Foundation.

In Colorado, individuals and businesses will receive almost $26 million. Insurance companies will send rebates to 511,684 enrollees, for an average of $54.58 for each enrollee in the individual market, $82.62 in the small-group market and $47.84 in the large-group market.

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