The average increase in premiums per enrollee in the individual market rose 26 percent from 2017 to 2018. (Photo: Shutterstock)
Health insurers on the individual markets are expected to return about $800 million in excess premiums to consumers for 2018, after reaping 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 more than 3 million eligible individual market consumers. The analysis, based on preliminary estimates from insurers, highlights the degree to which insurers did not meet the ACA's medical loss ratio threshold. The ACA requires that insurers must spend at least 80 percent of premium revenues on health care claims or quality improvement activities.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
