This afternoon’s mail brought a letter from UnitedHealthcare, my insurance company from a previous job.<\/p>\n

“They never write you to say they’re giving you back money,” said Susie.<\/p>\n

Surprise.<\/p>\n

The Affordable (sic) Care Act requires UnitedHealthcare Insurance Company to rebate part of the premiums it received if it does not spend at least 80 percent of the premiums [it] receives on health care services…<\/p>\n

In 2011, UnitedHealthcare Insurance Company spent only 79% of a total of $58,159,006,54 in premium dollars on health care and activities to improve health care quality. Since it missed the 80 percent target by 1% of premium is receives, [it] must rebate 1% of the total health insurance premiums paid by the employer and employees in your group health plan.<\/p><\/blockquote>\n

I’m always happy to get money back, and getting money back from an insurance company is particularly delicious. \u00a0But you know, it’s a little like finding out you won that game with Florida State three years ago because they committed a recruiting violation.<\/p>\n

In all seriousness, what business is it of the government’s what G&A margin a private company has. \u00a0For some reason, 20% is exactly right, but forcing 0% borrowing on these clowns is a violation of every holy democratic republican principle since the Romans.<\/p>\n

Of course, we’ll take the money, though.
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