Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Consumers Continue to Get Money Back (premium revenues on medical care)
Perhaps in time for summer vacation, Tennessee policyholders covered by Cigna and two UnitedHealthcare subsidiaries will again receive rebates this year, because the insurers did not spend the required part of the premium revenues on medical care. The healthcare law requires insurance companies to spend at least 80% of their premiums on care delivery, not overhead.
Added together, the insurers owe approximately $1.79 million, and the affected policyholders will each receive checks.
Read more about the rebates here:
http://www.tennessean.com/article/20130606/BUSINESS05/306060043
