April 27. 2012 6:00AM - Last modified: April 27. 2012 6:51AM

WASHINGTON - Health insurers to pay $16.8 million in rebates to Wisconsin

  
Wisconsin businesses and consumers will get an estimated $16.8 million in rebates this year from health insurers that spent more on administrative expenses and profits than allowed under the 2010 health care overhaul, according to a report released Thursday.

Insurers have told the state they expect rebates to cover 365,395 Wisconsinites, according to the Kaiser Family Foundation, a nonpartisan health policy research group.

"This study shows that asking insurance companies to put more of their premium dollar towards patient care rather than administration and profits is not only popular but also effective," Kaiser President and CEO Drew Altman said. "There are tangible benefits for consumers and employers."

But the industry group America's Health Insurance Plans said that "coverage disruptions and other unintended consequences" of the new spending requirement will outweigh any benefits to consumers.

Read more.

advertisement
advertisement