'Obamacare’ To Yield $1.3 Billion In Rebates For Consumers

[Born_A_Truman]

Link
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.

[janedrake]

Wow! Now that sure takes some of the sting out of the "for-profit" HCR model from the consumer's standpoint. Not bad for a start!

[pappy]

I will have to look into it further but this might help explain a letter I got from my Medicare Advantage provider suggesting I contact them to discuss ways to help pay my Part B and D premiums.

[jaxx]

This is going to make a big splash if the Supremes take down the ACA. It's all about helping the people get affordable health care.....not what the repubs can do to make it worse for people.

Good job Obama administration! It's a good plan.