Private Insurers Are Expected to Pay a Record of At least $1.3 Billion in Rebates to Consumers Beginning in September for Excessive Premiums Relative to Health Care Expenses

KFF Health News September 10, 2019
Chris Lee

Analysis Shows Expected Rebates by State and by Insurer

Private insurance companies are expecting to pay out a record of at least $1.3 billion in rebates to consumers this fall based on their share of premium revenues devoted to health care expenses in recent years, surpassing the previous record high of $1.1 billion in 2012, according to a new KFF analysis.

Individual market insurers are driving this record year, with expected rebate payments of at least $743.3 million, their highest ever, finds the analysis of data reported by insurers to the Centers for Medicare and Medicaid Services. Individual market insurers appear to have been exceptionally profitable in 2018, on average, which is part of the basis for this year’s rebate...

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