Piggy banks with calculator and stethoscope The average increase in premiums per enrollee inthe individual market rose 26 percent from 2017 to 2018. (Photo:Shutterstock)

Health insurers on the individual markets are expected to returnabout $800 million in excess premiums to consumers for 2018, afterreaping the best profits to date under the Affordable Care Act.

That news comes from a new analysis from the Kaiser Family Foundation,which adds that the rebates must be issued by September 30 to morethan 3 million eligible individual market consumers. The analysis,based on preliminary estimates from insurers, highlights the degreeto which insurers did not meet the ACA's medical loss ratiothreshold. The ACA requires that insurers must spend at least 80percent of premium revenues on health care claims or qualityimprovement activities.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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Health Care Reform
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