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Friday, April 27, 2012

Report: Rebates From Health Care Law Will Top $1B

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:

  1. 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.

    ReplyDelete
  2. 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.

    ReplyDelete
  3. 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.

    ReplyDelete

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