Federal regulators say they need more time deciding whether to stick with federal standards that could mean $12 million in rebates for more than 58,000 North Carolina residents who buy their own health insurance.
The U.S. Department of Health and Human Services had until this week to decide whether to give North Carolina insurance companies a waiver from a part of the federal health insurance overhaul.
The law requires they take no more than 20 percent of premiums for profits, salaries, and other administrative costs. Insurers are required to spend at least 80 percent on health care.
State Insurance Commissioner Wayne Goodwin asked Washington in September for a three-year, graduated delay in reaching the 80 percent mark. Goodwin says sticking to the rule would hurt competition.
Copyright 2015 by The Associated Press. All Rights Reserved.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.