- 8,448
July 24, 2014
"Illinois consumers will receive $8.4 million in rebates this Summer/Fall from insurance carriers that didn't meet federal rules on medical spending in 2013.
About 109,000 people will receive the rebates, which will average $120 per family, according to figures released by the U.S. Department of Health and Human Services today. The consumers getting reimbursements represent only 3 percent of the roughly 3.3 million people in Illinois' fully insured insurance market.
In Illinois, the top five largest insurers hold about 90 percent of the commercial risk market by revenue. Only one of the top five — second-biggest insurer United Healthcare of Illinois — is paying rebates."
Full Story: http://www.chicagobusiness.com/arti...lth-insurers-to-pay-back-millions-in-premiums
ac
"Illinois consumers will receive $8.4 million in rebates this Summer/Fall from insurance carriers that didn't meet federal rules on medical spending in 2013.
About 109,000 people will receive the rebates, which will average $120 per family, according to figures released by the U.S. Department of Health and Human Services today. The consumers getting reimbursements represent only 3 percent of the roughly 3.3 million people in Illinois' fully insured insurance market.
In Illinois, the top five largest insurers hold about 90 percent of the commercial risk market by revenue. Only one of the top five — second-biggest insurer United Healthcare of Illinois — is paying rebates."
Full Story: http://www.chicagobusiness.com/arti...lth-insurers-to-pay-back-millions-in-premiums
ac
