WASHINGTON (AP) - More than 3 million health insurance policyholders
and thousands of employers will share $1.3 billion in rebates this year,
thanks to President Barack Obama's health care law, a nonpartisan
research group said Thursday.
The rebates should average $127 for the people who get them, and
Democrats are hoping they'll send an election-year message that Obama's
much-criticized health care overhaul is starting to pay dividends for
consumers. Critics of the law call that wishful thinking.
The law requires insurance companies to spend at least 80 percent of the
premiums they collect on medical care and quality improvement or return
the difference to consumers and employers. Although many large employer
plans already meet that standard, it's the first time the government
has imposed such a requirement on the entire health insurance industry.
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3 comments:
So what happens if I receive a rebate check and the Supreme Court declares the law unconstitutional? Is there any common sense left any more.
Here's how it will work... The insurance will rebate the $127.00 and the next month raise the premiums because they will claim they are losing money. That's Obamanomics. More smoke & mirrors.
Here's how it will work... The insurance will rebate the $127.00 and the next month raise the premiums because they will claim they are losing money. That's Obamanomics. More smoke & mirrors.
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