Florida, Our Health Care Refunds Aren't Chump Change!

A new analysis of Florida insurers found that the top companies in the state owe some $41 million to residents who buy their own coverage. And small-business owners will get at least another $65 million back. That's not chump change!

Industry lobbyists are still fighting this new rule in the health care law, which requires insurers give policyholders a refund if more than 20 percent of your premiums are spent on administrative costs like CEO salaries, marketing and excessive profits.

The Florida delegation is a target for those trying to undermine the law, so make sure Senator Nelson and Senator Rubio hear you want your refunds!
Dear [Decision Maker],

Thanks to the Affordable Care Act, Florida residents who buy their own health insurance are due some $41 million in refunds this summer from insurers in the state. That's significant savings, and I urge you to oppose any attempt to undermine the Medical Loss Ratio rule in the law that is delivering lower health care costs to residents.

[Your comments here]

A new report from Consumers Union, the policy and action arm of Consumer Reports, looked at the impact of the MLR rule on Florida. Their findings show the law is providing you real value to residents. You can get a copy of the report by using this link: YourHealthSecurity.org/Florida_MLR_Report

Not only will individuals and small businesses in the state get significant refunds, insurers also are trimming rate increases. Meanwhile, the top insurance companies in Florida booked millions in profits last year, showing that they can continue to thrive under the law while delivering more value to customers.

Some of Consumers Union's findings:

*The top health insurance companies in Florida's individual market expect to owe about $41 million to policyholders. Golden Rule is expected to owe the most at $15.7 million, for an average refund of $230 per customer; while Humana's estimated refund is more than $12 million, or an average $270 per policyholder.

*Blue Cross Blue Shield of Florida expects to pay about $45 million in rebates to about 24,000 small businesses and other groups. UnitedHealthcare should pay about $20 million to some 22,000 small businesses. This is a real help to entrepreneurs in this economy.

*In addition to refunds, there is also evidence that the MLR rule is helping to moderate rate increases. Humana reduced its average rate by 12 percent for some individual customers to meet the standard.

*Meanwhile, the top insurance companies expecting to pay refunds recorded millions in profits last year, demonstrating they can continue to thrive in the state while providing residents more value for their insurance dollars.

Please take time to read the new Florida report from Consumers Union, and oppose any attempts to undermine the MLR rule that helps residents like me get more value for my health insurance dollars in the state.

Sincerely,
[Your name here]
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