Because insurers are overspending on profits and administration instead of medical care, the amount that must be refunded in this state by Aug. 1 tops $54 million. That’s only half of what insurers had to pay in rebates to Floridians last year. Nationally, insurers are refunding $504 million.
insurance business
Low Premiums, High Deductibles, Higher Risks: The Health Plan Gamble
The gamble of lower health premiums in exchange for higher deductibles is appealing, but people are losing the gamble and getting stuck with insurmountable expenses even as high-deductible plans are becoming more frequent by default.