July 31, 2014

Florida MLR Rebates Total $41.7M

Last week, Health and Human Services Secretary Sylvia M. Burwell announced Medical Loss Ratio (MLR) rebates as a result of the Patient Projection and Affordable Care Act. Created through the law, MLR rule requires insurers to spend at least 80 percent of premium dollars on patient care and quality improvement activities. Rebates to Floridians totaled $41.7 million, benefiting 981,000 people with the average rebate of $65. Florida had the highest amount of rebates in the nation. View the state by state comparison. Florida Blue plans accounted for nearly half of the rebates.  View breakdown of rebates owed by health plan.

 

Additional information on all the plans selling policies in Florida is available online. Questions? Contact Kim Streit, vice president of healthcare research and information, at (407) 841-6230.