Health insurance companies will give rebates totaling $2.7 million to more than 16,000 customers in West Virginia this year.
The U.S. Department of Health and Human Services says most of the rebates will go people who buy their own health insurance. People in small group plans will share $400,000 in rebates.
The rebates are for billing customers more than allowed under the new federal health care law. Companies cannot spend more than 20 percent of revenues on administrative costs.
Sen. Jay Rockefeller inserted that provision into the law. He told the Charleston Daily Mail through a spokeswoman that some insurers have raised prices to boost profits instead of paying for medical care.
Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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admin 03 Aug, 2012
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Source: http://www.insurancejournal.com/news/southeast/2012/08/03/258167.htm
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