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.
Claimants of 23andMe Data Breach to Get $46.75M in Settlement Deal
Read 14-Point Draft Memorandum of Understanding Between the US and Iran
Zurich Sees Data Center Boom Spurring Insurance Securitization
Viewpoint: The Danger of Relying on the Insurance of Others 

