Healthcare Law Results In Refunds To California Employers

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The Affordable Care Act, signed into law by President Obama in 2010, has various provisions that kick in starting this year. One provision requires that insurance companies spend a certain percentage of health insurance premiums on medical care for their insured instead of administrative costs. The intent is to make sure that premium increases are used to pay for medical care and not for executive salaries, shareholder dividends, or general administrative costs unrelated to patient care. http://ow.ly/cv2L1

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Topics:  Affordable Care Act, Premiums

Published In: Business Organization Updates, Business Torts Updates, Health Updates, Labor & Employment Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Peter S. Bauman - Senior Commercial Litigation Attorney Callahan & Blaine, (714) 241-4444 (office) / (949) 842-1720 (mobile) | Attorney Advertising

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