Health insurance companies will give rebates totaling $2.7 million to more than 16,000 customers in West Virginia this year.
People in small group plans will share $400,000 in rebates.
The rebates are for billing customers more than allowed under the new federal health care law. Companies cannot spend more than 20 percent of revenues on administrative costs.
Sen. Jay Rockefeller inserted that provision into the law. He told the Charleston Daily Mail through a spokeswoman that some insurers have raised prices to boost profits instead of paying for medical care.
Was this article valuable?
Here are more articles you may enjoy.
Space Startups Seek Insurance for Orbital AI Data Centers
DeSantis Signs Citizens Commercial Clearinghouse Bill That’s Been Called ‘Unneeded’
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit
IMA Latest to Sue Howden Over Alleged Employee Poaching 

