Nearly 114K Michigan families to get health insurance rebate

[Bozita]

Source: Detroit Free Press

Nearly 114K Michigan families to get health insurance rebate
10:29 AM, June 21, 2012
By Pat Anstett
Detroit Free Press Staff Writer


Nearly 114,000 Michigan families who buy their own health insurance or who have workplace coverage at small businesses will receive an average rebate of $214 no later than August 1 if their health insurer spent too much on administration and salaries, the nation’s top health official announced today.

A list of Michigan insurers that must pay the rebates was not immediately available.

Michigan families who buy their own individual plans will see a $205 average rebate, according to data released today by the U.S. Health and Human Services Secretary Kathleen Sebelius in Washington, D.C.

Families insured by small businesses will get a $293 average rebate. Those insured by large businesses won’t get a rebate, according to the data.


Read more: http://www.freep.com/article/20120621/FEATURES08/120621033/Nearly-114K-Michigan-families-to-get-health-insurance-rebate?odyssey=tab|topnews|text|FRONTPAGE

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At the link:
• PDF: Report breaks down rebates by state

Rmoney's gonna love this report!

[lumberjack_jeff]

1. Michigan: where the Obamacare rebates are just the right size. n/t

[Liberal_Stalwart71]

2. And yet the Corporate Media wants us to believe that Mitt Romney will win Michigan...

[dkf]

3. So if this is due to overpaying salaries are these employees going to get paycuts?

[Spoonman]

4. SWEAT!

Fuck Rmoney - No sarcasm intended!

[frazzled]

5. Unless SCOTUS strikes down health care law in full first

I read this morning that more than $1 billion in rebates will be paid out this summer for insurers who did not spend the 80% on health costs. However, if SCOTUS strikes first, those companies won't have to pay.

[wordpix]

6. here's hoping I get a rebate - I buy "catastrophic" at $321/mo with a high deductible

So even if I have to see a doc, I pay out of pocket and then when I get close to the deductible amt, a new year begins and the premium goes up 10%, even though I cost the company nothing.