Washington D.C. – Guam Congresswoman Madeleine Bordallo released the following statement in response to a PNC News inquiry on the decision of TakeCare to pay shareholders $15-million in dividends rather than pay a rebate to its subscribers.
“According to the Department of Health and Human Services, more than $15 million in health insurance rebates would be given back to residents of Guam under the Affordable Care Act. These rebates would create a much needed boost to our local economy. As such, I understand concerns regarding Take Care’s position on the rebates, and I am working to get greater clarification from the Department of Health and Human Services and the Centers for Medicare & Medicaid Services on this matter. I am asking that Secretary Sebelius clarify the application of the medical loss ratio as well as the capitation provisions to this specific case on Guam.”