Millions in insurance rebates coming to Carolinas
By BRUCE SMITHAssociated Press
Millions of dollars in health insurance rebates will be coming to consumers in South Carolina and North Carolina from companies the government says spent too much of premium dollars on profits and red tape last year.
The U.S. Department of Health and Human Services released data Thursday showing that more than 205,000 consumers in South Carolina will receive more than $13 million in rebates. That's an average refund of $92 per family.
In North Carolina, checks totaling more than $8 million in refunds will be going out in the coming weeks. More than 182,000 consumers will be benefiting and the refund amounts to about $77 per family.
Nationally, nearly 7 million consumers nationwide will receive about $330 million in refunds. The refund nationally will average about $80 per family.Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.