Policyholders to get rebates, are you one of them?

According to analysis by Kaiser Family Foundation, Centene owes $216 million nationally in rebates. The payouts are required under a rule in the Affordable Care act which requires the insurers to spend at least 80 percent of revenues from premiums (85 percent of large group plans) on health care claims or quality improvement activities. If an insurer does not meet the appropriate threshold, it must pay the rebates to each policyholder receiving the same share because the rebate is based on the company’s overall financial activity, not on its handling of individual medical claims. Read article here…

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