medical loss ratio savings News

U.S. insurers will pay $500 million in rebates to employers and individuals this summer because of President Barack Obama’s healthcare law, about half the amount they paid last year. The law, often called Obamacare, requires companies to refund customers when …

Consumers saw nearly $1.5 billion in insurer rebates and overhead cost savings in 2011, due to the Affordable Care Act’s medical loss ratio provision requiring health insurers to spend at least 80 percent of premium dollars on health care or …