On Thursday, Rockefeller released a statement pointing out that his amendment "requires insurance companies to use at least 80 percent of the money consumers pay each month on premiums for actual medical care - instead of extravagant offices, excessive executive salaries and company profits."
Under the Affordable Care Act, insurance companies that spent less than 80 percent of the premiums they collect on health-care services are required to send rebates to consumers.
Rebates to consumers were given as reduced premiums on future insurance coverage or as refund checks.
In 2011, after the new law went into effect, insurance companies reduced their administrative costs in large-group markets by $785 million nationally -- which helped customers in those markets.
Small-group insurers sent $321 million in rebates to their customers, according to the Commonwealth Fund study, while consumers in individual policy markets received rebates of $394 million.
"This past fall, many West Virginians who were overcharged for their health insurance began receiving rebates totaling about $2.7 million statewide.
"This year alone, more than 16,000 West Virginians with private insurance coverage should receive rebates, averaging $374 per family," Rockefeller stated.
Reach Paul J. Nyden at pjny...@wvgazette.com or 304-348-5164.