The Affordable Care Act ("Obamacare") requires insurance companies to rebate part of the premiums it receives if it does not spend at least 85 percent of the premiums on health care services.
In this case, they only spent 84 percent, thus they have to rebate 1 percent of the total health insurance premiums paid the the employer and employees in the group health plan.
Yet another example of how President Obama's health reforms are actually working. Many would have preferred universal coverage - Medicare for all. But at least we're headed in the right direction.
The alternative is continuing to pay comparatively outrageous fees for our health care while receiving no better care, and also having to deal with the millions of citizens that otherwise would be without any health care coverage (other than emergency rooms, which cost even more).
What do Republicans want? What is their alternative, better plan? "Obamacare" seems to work. What are they opposed to?
Update:
Hmmm, so rising health care costs are the fault of Medicare/Medicaid, Health Maintenance Organizations, socialism, and the government, in general (according to a commenter).
How can nearly every other developed country in the world provide better quality health care, at half the cost, in what are much more "socialized" systems than ours? The answer isn't more "market," it's less. Medicare already controls costs better than the private sector. Removing private insurers and their greed from the equation would bring American health care costs in-line with the rest of the world.
Markets work nicely for socks and widgets, but not so much for health care. For you, "Anonymous," read and learn:
Why We Need An Individual Mandate For Health Care
Why Markets Can't Cure Health Care
Uncertainty & The Welfare Economics Of Medical Care
The Market For Lemons
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