$1B Health Insurance Rebates May Not Be A Lasting Trend

Law360, New York (June 21, 2012, 7:52 PM EDT) -- The U.S. Department of Health and Human Services announced Thursday that under a provision of the new health care law, health insurers owe their policyholders $1.1 billion in rebates for spending too much on administrative costs and profit, but experts said that number would likely drop in future years.

A provision of the 2010 health care reform dictates that most insurers pay at least 80 percent of their premium revenue on medical care, and not more than 20 percent on administration. Anything over that 20 percent...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.