Minnesota health care consumers getting $1.4 million in second round of rebates [Pioneer Press, St. Paul, Minn.]
By Christopher Snowbeck, Pioneer Press, St. Paul, Minn. | |
McClatchy-Tribune Information Services |
Last year, insurers in the state issued about
The rebate rule, which was enacted as part of the federal Affordable Care Act of 2010, requires insurers to spend at least
The decline in the total value of rebates in
"Smaller rebates ... are not an indication that consumers are now saving less money," wrote researchers at the
In June, the
average rebate of around
For years,
This summer,
For its individual health insurance customers as a group, the medical loss ratio at PreferredOne last year was 72.6 percent -- short of the 80 percent threshold set by the health law. The company didn't spend more on medical care because "medical claims were less than expected," Umland said.
A subsidiary of
"Employers ... are responsible for determining if any portion of the rebate will go directly to plan participants," Mann said in a written response to questions. "In general, employers can use rebates to reduce future premiums, enhance benefits or issue rebate checks to plan participants."
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