Obamacare Refunds Could Hit $5 Billion on Eve of 2020 Election

Obamacare insurers are likely to refund as much as $1 billion to consumers in 2019 as a result of earlier overcharges. And in 2020 those payments, which would come around the time of the presidential election, could reach $5 billion.

That is the assessment of analysts who follow health insurers’ claims payments. The 2019 refunds, made under the Affordable Care Act’s “medical loss ratio” requirement, will probably average about $200 per individual or about $600 for a family of three, blog writer and ACA supporter Charles Gaba said in an interview.

Even as the Obamacare marketplaces show signs ...