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New York orders $114.5 million in refunds, citing MLRs

Eleven insurance companies doing business in New York have been ordered by the governor there to refund $114.5 million to policyholders who were overcharged for health insurance premiums in 2010, with more than half of the refunds due coming from Empire, the New York Department of Financial Services (DFS) announced...

By Elizabeth D. Festa | Updated on November 10, 2011

Eleven insurance companies doing business in New York have been ordered by the governor there to refund $114.5 million to policyholders who were overcharged for health insurance premiums in 2010, with more than half of the refunds due coming from Empire, the New York Department of Financial Services (DFS) announced today.

Empire’s refund payment to consumers was tallied at a little over $61 million. The other big New York player, UnitedHealthcare, has an affiliate (Oxford) involved in the refund.

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