Health Insurance Rebates Are Starting to Arrive!

[Rosa Luxemburg]

Did you get yours?

Americans will receive $1.1 billion in rebates from insurance companies that overcharged them for health plan premiums last year under new rules created by the Affordable Care Act.

The medical loss ratio provision of Obamacare, also known as the 80/20 rule, requires health insurers to spend no more than 20% of customer premiums on administration, CEO pay and profits instead of actual health care

more...
http://healthcareforamericanow.org/2012/07/13/health-insurance-rebates-starting-to-arrive/

[Viva_La_Revolution]

1. 1.1 BILLION

That' how much they've been ripping us off, and that's only 1 years worth.

[Rosa Luxemburg]

2. I didn't know it was this much!

[cr8tvlde]

3. Hopefully that news will spread quickly

because it takes the wind out of the sails of both health care and adds money/jobs? into the economy for the crucial Middle Class +/- voter. Timing couldn't be better.

[Rosa Luxemburg]

7. Why aren't we seeing this highlighted in the newspapers and TV?

Democrats should be shouting about this?

[Heather MC]

4. Kaiser pays there high level administrators 400K. These are people that never see a patient

My girlfriend err girl who is my friend! Not that there's anything wrong with that, any she was an executive assistant to one of them a few years ago when she told me how much her boss made I was infuriated, because I knew her salary was coming from the premiums of people who thought they were paying for health insurance coverage. And my Aunt who had Kaiser was always complaining about how they would give her the run around when she needed care for her or her children.

Once again Way to go President Obama. It's a same he couldn't make health insurance a non-profit entity

[stopwastingmymoney]

5. I received a letter from Blue Cross yesterday

2.5% of my 2011 premium is on it's way back to me

[Rosa Luxemburg]

6. Great!

[vinny9698]

8. Some one needs to run ads giving credit to the ACA

This should be a 30 second spot on national TV, the benefits of the ACA.