Obamacare Refunds Could Hit $5 Billion on Eve of 2020 Election
http://news.bloomberglaw.com/health-law-and-business/obamacare-refunds-could-hit-5-billion-on-eve-of-2020-election
Obamacare insurers are likely to refund as much as $1 billion to consumers in 2019 as a result of earlier overcharges. And in 2020 those payments, which would come around the time of the presidential election, could reach $5 billion.
That is the assessment of analysts who follow health insurers’ claims payments. The 2019 refunds, made under the Affordable Care Act’s “medical loss ratio” requirement, will probably average about $200 per individual or about $600 for a family of three, blog writer and ACA supporter Charles Gaba said in an interview.
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Mad Poet Strikes Again.
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