Health care rebates could average $127

Health care rebates could average $127

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Employers do not have to pass their rebates on to workers, and can also take them as a discount on next year's premiums.
Insurers serving large employers face a stiffer requirement. Under the law, they must spend 85 percent of premiums on medical costs. The study found that 125 plans covering 7.5 million people at large employers will give back a total of $541 million.
Most plans operated by major national employers are exempt from the requirement. The biggest companies usually set aside money to cover most of their workers' medical expenses. Typically they hire an insurer to administer their plan, but they do not buy full coverage from the insurer.
Separately, a Goldman Sachs report estimated insurers would pay rebates of $1.2 billion. Among major insurers, UnitedHealth would pay $307 million, Aetna $177 million, WellPoint $94 million and Coventry $50 million.
Supporters of the requirement say it will keep insures from padding their profits at the expense of unsuspecting consumers.

Read more: http://www.stltoday.com/business/local/health-care-rebates-could-average/article_abe8ad6c-b007-5023-8302-15c80581fdb3.html#ixzz1tZPDW9H

 

 

 

cancos will most likely not return money to employees.   creative accounting, greed and more.  most workers at cancos do pay part of their income for healthcare and inferior healthcare to that in the past