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Seema Verma “Today’s action is just the latest in a series of flexibilities CMS has extended to health insurers to help them support their enrollees during this unprecedented time,” CMS administrator Seema Verma said. (Photographer: Pete Marovich/Bloomberg)

While the American economy falters, health insurers had a record Q2, driven by a marked decrease in health care utilization among consumers. But what to do with all of that excess revenue? On Tuesday, the Centers for Medicare & Medicaid Services announced that it would allow insurers in the individual and small-group markets the flexibility to reduce premiums for the remainder of the year.

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Emily Payne

Emily Payne is managing editor at BenefitsPRO. A Wisconsin native, she spent the past eight years writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.

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