CMS revealed that health insurers refunded roughly $2 billion in excess premium payments to 2020 enrollees.
This indicated the industry’s profitability during the COVID-19 pandemic.
The Affordable Care Act mandates rebates for a percentage of premium payments if an insurer’s spending on patient claims and quality-of-care improvements falls below certain benchmarks. Read more from Here.
submitted by /u/sunnyatdistil
[link] [comments]CMS revealed that health insurers refunded roughly $2 billion in excess premium payments to 2020 enrollees. This indicated the industry’s profitability during the COVID-19 pandemic. The Affordable Care Act mandates rebates for a percentage of premium payments if an insurer’s spending on patient claims and quality-of-care improvements falls below certain benchmarks. Read more from Here. submitted by /u/sunnyatdistil [link] [comments]Read Morer/HealthInsurance