Thursday, June 14, 2012

The controversial U.S. health care reform law will force health insurers that didn't spend enough money on patient care to pay $1.3 billion in rebates to U.S. policyholders and their employers. The state accounting for the largest rebate is poorly regulated Texas, where the Perry administration tried--but failed--to postpone the rebates for four years.

A new Lobby Watch tracks millions of dollars that health insurers did not spend on patient care. They spent it instead on campaign contributions and lobby expenditures in such places as Washington and Austin.