The Centers for Medicare & Medicaid Services reported healthcare consumers received more than $2.4 billion in premium rebates since 2011, according to RevCycle Intelligence.
Here are four key notes:
1. In 2014, more than 5.5 million consumers received nearly $470 million in rebates.
2. California had the largest statewide 2014 Medical Loss Ratio rebates of nearly $98 million
3. Florida had nearly $60 million in MLR rebates last year.
4. The number of consumers connected to plans where they were owed refunds fell by over 1 million from 2013 to 2014.
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