You may remember this boilerplate, copied from a letter I received from CFI Care (not its real initials) two years ago:
The Affordable Care Act requires health insurers in the individual and small group market to spend at least 80 percent of the premiums they receive on health care services and activities to improve health care quality (in the large group market, this amount is 85 percent). This is referred to at the Medical Loss Ratio (MLR) rule or the 80/20 rule. If a health insurer does not spend at least 80 percent of the premiums it receives on health care services and activities to improve health care quality, the insurer must rebate the difference.
I didn’t get anything rebated to me that year, but Brian J. did, and he got some this year, too:
Yeah, I got my $36 check with a letter mandated by law to remind me that Obama’s got my back.
Strangely, the letter from my insurer that said my health insurance was going up $200 a month did not mention the ACA.
I’m sure that’s an oversight.
But of course.