Surprise for thousands: Health insurance checks to average $31 to $403 (or more)
July 30, 2014 | Detroit Free Press
“One of the things that surprises me is … how different insurers are handling this,” says Josh Fangmeier, CHRT’s health policy analyst, following news that more than a dozen insurers must reimburse Michigan consumers a total of $13.1 million. The unanticipated checks—ranging from $31 to $403 or more in Michigan—stem from the Affordable Care Act’s 80/20 rule, which limits how much insurers can spend on non-health care related costs like overhead or profits.