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U.S. Health Insurance Companies to Pay USD 1.1 Billion in Rebates to Employers and Individuals

A new industry regulation imposed by President Barack Obama’s health care law will make it essential for U.S.health insurance companies to pay USD 1.1 billion in rebates to employers and individuals this summer. However, the rebates actually reaching the recipients will depend on the U.S. Supreme Court’s decision to strike down the 2010 Patient Protection and Affordable Care Act, inform experts.

Twenty-six U.S. states want the high court to overturn Obama's reforms on the basis that they exceed the federal government's constitutional authority. If the court decides against upholding the law, it could overturn the entire legislation or selected provisions. The U.S. Department of Health and Human Services says that the rebates could cover 12.8 million beneficiaries.

News Characteristics

Date : Jun 21, 2012
Region : North America
Industry : Insurance