Posted: May 27, 2012 12:34 PM
PHOENIX (AP) - Arizona consumers and businesses reportedly can expect to collect more than $36 million in refunds this summer from health-insurance companies.
That's under new provisions of the nation's health-care law called the Affordable Care Act.
A report from Washington, D.C.-based Consumers Union says people who have purchased individual health-insurance plans will get about $24 million in refund checks or credits to future premiums.
The report also says insurers will refund more than $9 million to employers with small-group plans of fewer than 50 people. Companies with larger plans of more than 50 people will get an additional refund of nearly $3 million.
The Arizona Republic says the first round of rebates must be sent to customers by Aug. 1.
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