(6/7/12) A group that represents Wisconsin-based health insurance plans says all 12 of its members have met the federal requirement that 80-percent of their premiums be used for medical care.
And people insured by those plans will not get rebates ordered for companies which didn’t follow the law. The Kaiser Family Foundation said in late April that health plans would have to fork out 17-million-dollars in rebates to 365-thousand state residents. That’s because they spent more on administrative costs than the 20-percent maximum they were allowed. But Nancy Wenzel of the Wisconsin Association of Health Plans said its members are running efficiently, and investing in improvements to give their clients more value for their health care dollar. The group says it no longer represents large national health insurers. Its current health plans and cooperatives include Arise, Dean, Group Health Cooperatives of Eau Claire and South Central Wisconsin, Gundersen, Health Tradition, Mercy, Network Health, Physicians Plus, Security, Trilogy, and Unity.