NEWS FLASH
Florida Insurers To Rebate $113 Million To Policyholders | Thanks to the health care law, Floridians who obtained health insurance without employer assistance will receive rebates between $143 and $949 in August, according to the South Florida Sun-Sentinel. The law requires insurers to spend 80 percent of their premiums on medical costs, and refund the difference to policyholders if they fail to meet the benchmark. In total, Florida insurers will pay out $113 million to an estimated 157,000 individuals and families. An estimated $65 million will also be split among workers at 352,000 small businesses.
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