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Sunday, August 17, 2014

Cardin Aide: ACA Money Back From Insurers Not Ideal

A health insurance refund check might improve customers' outlook, but it does not do for their health all that the insurance should, according to the Department of Health and Human Services.

Sen. Ben Cardin, D-Md., and HHS Secretary Sylvia M. Burwell announced recently that 206,102 consumers in Maryland would get a total of $17.3 million in refunds from insurance companies this summer, as required by the Affordable Care Act's medical loss ratio rule.

The refunds come as part of the ACA, but that is not the ideal outcome the act envisioned. It means that the insurance companies spent too much on administrative costs in comparison with health care, said Sue Walitsky, Cardin's press secretary.


1 comment:

ginn said...

Was wondering when I'd be hearing something about this pos. Lem'me ask ya, when was the last time we heard from this guy? Nothing., just sits back getting sucked along with the flow and voting the party line. Worthless.