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Insurers Paid $520 Million In Rebates Under Minimum Loss Regulations, GAO Says

Mealey's (June 12, 2015, 12:10 PM EDT) -- WASHINGTON, D.C. — Insurers paid more than half a billion dollars to enrollees and policyholders in 2012 for noncompliance with Patient Protection and Affordable Care Act (ACA) minimum medical loss ratios (MLR), according to a July 2014 report by the Government Accounting Office.

(GAO highlights available. Document #93-140723-034X. GAO report available. Document #93-140723-035X.)

The $520 million insurers paid was a drop from the $1.1 billion they paid in 2011, according to the GAO. The report noted that the rebates would have decreased by 75 percent had...
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