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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsObamacare To Yield $1.3 Billion In Rebates For Consumers
?by: Sahil Kapur- April 26, 2012, 1:30 PM 603995
A lesser-known but important provision in Obamacare that regulates how health insurance companies spend their money is yielding benefits for consumers, a new study finds.
By this August, insurers are projected to send consumers a total of $1.3 billion in rebates, according to a Kaiser Family Foundation analysis released Thursday $541 million to large employers, $377 million to small businesses and $426 million to people with their own insurance plans.
The rebates are the result of a rule in the Affordable Care Act that requires insurance companies to spend at least 80 percent or 85 percent of premium earnings on health care as opposed to marketing and administrative activities or otherwise provide rebates to their consumers.
White House spokesman Jay Carney highlighted the figures at the top of his press conference Thursday as yet another sign of how the Affordable Care Act is already strengthening the health care system for millions of Americans.
read full article at: http://bureaucountydems.blogspot.com/2012/04/obamacare-to-yield-13-billion-in.html
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Obamacare To Yield $1.3 Billion In Rebates For Consumers (Original Post)
mikekohr
Apr 2012
OP
Does anyone else get the feeling that the court is going to kill the whole thing?
Kablooie
Apr 2012
#1
I can hear the GOP spin now: It's because of the Death Panels! It's blood money!
freshwest
Apr 2012
#2
Kablooie
(18,634 posts)1. Does anyone else get the feeling that the court is going to kill the whole thing?
The more positive things I hear about the medical plan, the more I feel it's doomed.
The conservatives are so unnaturally obsessed with defeating Obama that I fear they will kill Obama's ACA in order to complicate the election and eliminate an Obama success. The conservative justices seem to be as mired in Fox News think as the Tea Partiers.
We may be in for a very, very rocky, and possibly explosive election.
freshwest
(53,661 posts)2. I can hear the GOP spin now: It's because of the Death Panels! It's blood money!
Scuba
(53,475 posts)3. Excellent timing.
ProSense
(116,464 posts)4. Good stuff, and
more:
HHS announces new Affordable Care Act options for community-based care
http://www.democraticunderground.com/1002616136