The Affordable Care Act has a provision in it that requires health insurance companies to only spend at least 80-85% of earnings toward actual health care, if not, then the companies need to reimburse the those that paid in to the health plans.Talking Points Memo writes:
By this August, insurers are projected to send consumers a total of $1.3 billion in rebates, according to a Kaiser Family Foundation analysis released Thursday — $541 million to large employers, $377 million to small businesses and $426 million to people with their own insurance plans.