Health Insurers Owe Millions In Rebates To Floridians Thanks To Obamacare Regulations

Health insurance companies owe tens of millions to Florida policy holders after they failed to meet an Affordable Care Act provision that limits the amount of premium dollars that insurers can spend on overhead. According to a Kaiser Family Foundation report, Floridians could receive up to $149 million in rebates this summer, even though political officials in the state oppose the law as a whole and had asked the federal government for less stringent requirements that would have likely reduced the rebate amounts. In January, the federal government denied the state’s request.