On Air Now

Listen

Listen Live Now » 98.5 FM Battle Creek, Michigan

Weather

Current Conditions(Battle Creek,MI 49017)

More Weather »
62° Feels Like: 62°
Wind: W 0 mph Past 24 hrs - Precip: 0.03”
Current Radar for Zip

Today

Partly Cloudy 63°

Tonight

Clear 42°

Tomorrow

Mostly Sunny 67°

Alerts

Insurers overspend funds, consumers get refunds

DETROIT (WKZO) -- Seventeen Michigan insurance companies are among those nationwide that took money that was supposed to cover health care and instead spent it on overhead. A report released by the Obama administration shows that these companies must either send checks or offer savings valued at more than 13-million dollars to customers across the country.

Federal law dictates that companies covering small groups and individuals are required to spend at least 80-percent of premiums on patient care or to improve patient care quality, with companies covering large groups spending 85-percent on patients. Refunds to qualified consumers must be issued by August 1st.

Comments