Health care consumers can look forward to receiving $1 billion in rebates this fall under an Affordable Care Act provision that requires insurers to spend the bulk of customers’ premium payments on care.
Rebates are based on insurers’ experiences over the previous three years, according to a KFF report. This year’s total is roughly half the size of last year’s $2 billion, in part because 2021 was a less profitable year and because the three-year window no longer includes 2018. That was when individual market insurers overpriced ACA marketplace plans because of uncertainty caused by the repeal-and-replace debate and other ACA policies.