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FBN's Liz MacDonald on the health-care law forcing health insurers to issue consumer rebates.
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As a Supreme Court -- the health care law the new law is still forcing insurance companies to stand -- consumers.
More than one billion in premium rebate checks and if they'll ever get the check and maybe -- there's some politics involved here Elizabeth make.
Model has the bottom line.
Frank Connelly -- we actually have a sample of what the letter is gonna look like from health insurers.
This summer and I want you to look at this lion out of a letter it -- -- rebate is required by the Affordable Care Act.
The health reform law so what's going on here is that the new law as it's being rolled down.
Is saying to health insurers look you gotta spend eighty up to 80% of the premiums that you collect.
On health care on medical costs.
If you break that threshold that they don't do that you gotta -- rebate got to send rebate checks and those rebate -- they're gonna start rolling out this summer now the issue is well the Supreme Court is still.
You know debating the constitutionality.
Of preserve the health reform and -- in an election years this rebate checks situation being done to mold public opinion.
That's it controversy it's a good thing that health reform is going to base -- -- Ford's health insurers to spend up to 80% of your premium costs.
On health the health care but the issue is what about the timing and the -- of the checks and one point three billion dollars to sixteen million.
Consumers across the country.
Texas Oklahoma Arizona they're gonna see the biggest dollar -- for these rebate checks Liz what happens though -- the Supreme Court rules.
Against the health care law in part of that.
Yeah that's really important question because the issue is will health insurers start sending out these rebate checks in advance of the ruling.
Likely not they're probably sit on -- pot of money and does and then move after the decision comes down back to -- that's.
Thank you so much -- learning Donald all over that story absolutely now to our next.
