Under a provision in President Obama’s health reform law, health insurance companies are expected to rebate more than $1 billion to consumers and employers this year if they don’t spend enough of in premiums that they collect, reports the Wall Street Journal:
The nonpartisan Kaiser Family Foundation, which calculated total rebates at $1.3 billion, says that around $426 million will go to people who bought their own health plans; $541 million will go to large employers and $377 million to small businesses.
In a separate analysis based on the same filings, Goldman Sachs analyst Matthew Borsch estimated the total rebates at around $1.2 billion.
