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mzmolly

(52,801 posts)
13. The authors are aware that rebate
Sat Jul 21, 2012, 07:12 PM
Jul 2012

checks are in the mail, correct?

http://insurancenewsnet.com/article.aspx?id=350196

Snip:

The week before the U.S. Supreme Court upheld most of the Affordable Care Act, the federal government announced that 12.8 million Americans would receive rebates on their health insurance premiums at an average of $151 per household.

Those checks are now in the mail or in the hands of those who paid the premiums, who, in most cases, are the employees of companies that have health insurance through a commercial plan. In Missouri, some $65 million in rebates due by Aug. 1 will be shared among 588,000 private health insurance customers.

The rebates were 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.

Recommendations

0 members have recommended this reply (displayed in chronological order):

+1000 dkf Jul 2012 #1
Health Care Law's flaws were deliberately built in.. Fumesucker Jul 2012 #2
I have been saying this since ACA passed. kestrel91316 Jul 2012 #3
So Obama did fight for single mzmolly Jul 2012 #4
He fought to postpone it as long as possible n/t eridani Jul 2012 #5
Either the legislation wil lead to single mzmolly Jul 2012 #9
If by 'for' you mean 'against', then sure. Edweird Jul 2012 #6
The article must be wrong, mzmolly Jul 2012 #10
"Because of this sweetheart deal with the insurance industry, the ACA offers no relief Edweird Jul 2012 #12
The authors are aware that rebate mzmolly Jul 2012 #13
The ACA has one thing that Massachusetts' law doesn't have: the 85% rule. Honeycombe8 Jul 2012 #7
All increases this year average 9.9% eridani Jul 2012 #8
No, I'm not fine with a 10% increase. But it's better than the 29% increases before 2009. nt Honeycombe8 Jul 2012 #11
It is no more sustainable than a 29% increase, which was allowed because eridani Jul 2012 #15
Why do you refuse to admit an advancement, a good thing, an improvement? Honeycombe8 Jul 2012 #17
When did I say there were no improvements? What I said was that-- eridani Jul 2012 #19
What happens when all of the states that refuse to implement state exchanges LiberalFighter Jul 2012 #14
Single payer will happen because the plan that exchanges become self-sustaining-- eridani Jul 2012 #16
Seems to me that we likely will end up with what many want. LiberalFighter Jul 2012 #18
Only if we fight for it eridani Jul 2012 #20
On that level LiberalFighter Jul 2012 #21
Latest Discussions»General Discussion»Health Law's Flaws Will S...»Reply #13