Thank You Obamacare – Rebate Check for $251.34 For Overcharge By Insurance Company

[egbertowillies]

I received my Health Insurance rebate today. The rebate was triggered by the "medical loss ratio" provision of the 2010 health care reform law that essentially caps insurance companies’ administrative costs at 20 percent of premiums. That is still way above a single payer system or Medicare for all but it is an improvement.

The check also came with an advisory letting everyone know the additional benefits provided by the Affordable Care Act. These specifically are that your premium includes coverage for screenings and physicals at no additional costs. The note stresses the company’s intent to lower administrative costs. Well, they finally have to do a little more to earn the premiums they’ve been pilfering for decades.

It is in the insurance companies’ best interest to keep their costs down because a single payer system is the next phase.
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[phleshdef]

1. Where are all the people who were saying these rebates would never happen?

[egbertowillies]

4. I don;t know but please share testimony and encourage others to share theirs.

[DemocratsForProgress]

7. Probably out spending their rebates

[Myrina]

2. How does one determine if they are due a refund?

Nt

[egbertowillies]

5. Call your insurance company

[Myrina]

8. Oh yes, they're definitely going to volunteer

... That they owe me - or anyone else - money

[Tarheel_Dem]

3. I just saw a poll on MHP, that shows since the USSC decision, "Obamacare" is up to 47%, from 39%.

And disapproval is down from 53% to 47%. Finally, it seems that someone's explaining the benefits. Although it's evenly split at 47%-47%, it's encouraging to know that when people actually listen to the benefits, they actually like it.

[Tom Rinaldo]

6. I hope someone on the Obama team finds a way to gather a running tally of these cash rebates

There is a perfect TV ad waiting to be made out of these checks and letters

[andrewsgw57]

9. I received $7,000 so far

My accountant reported to me last week that my business received a $7,000 rebate check for our Florida operations which is a 2% discount. We expect similar refunds for other states in which we have offices and staff.

[egbertowillies]

11. Would you be willing to give me a written testimonial

or skype video for my blog? As a business owner you present a necessary case.

[qwlauren35]

10. No Rebate Here, but the Idea Thrills Me!

I got a letter in the mail stating that my health insurance company met the qualifications of 80/20, so I wouldn't be getting a rebate. However, I am very happy with my insurance company, so I don't mind.

The idea that people across the country are getting these checks thrills me to pieces. I'm sure some of them are shocked. Obamacare actually put some money in their pockets.

Maybe some attitudes will change.