“New estimates suggest that health insurers will pay out more than $1 billion in rebates this year due to a provision in the 2010 health care overhaul.
A success for ObamaCare? Maybe not. The rebates don’t account for premium increases we’ve already seen during the administration’s time in office. And pressure created by the provision, which caps the percentage of each premium dollar that can be spent on profit, marketing, and administrative costs, is likely to contribute to rising premiums rather than control them. “