CNN Consumers to get $1B in health insurance rebates
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NEW YORK (CNNMoney) -- Health insurers will dole out a total of $1 billion in rebates to 12.8 million Americans this summer -- an average of $151 per family --as a result of the 2010 health care reform law, the government said Thursday.
The rebates announced by the Department of Health and Human Services come from a provision of the law that punishes insurers who spend too much of policyholders' premiums for boosting company profits instead of paying for their medical care.
However, it's unclear if insurers will have to issue rebates at all if the Supreme Court strikes down all of the health care law.
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