Skip to comments.'Obamacare' saves consumers nearly $1.5 billion
Posted on 12/05/2012 6:06:24 PM PST by Nachum
Washington Consumers saved nearly $1.5 billion in 2011 as a result of rules in President Obama´s healthcare law that limit what insurance companies can spend on expenses unrelated to medical care, including profit, a new analysis shows. Much of those savings an estimated $1.1 billion came in rebates to consumers required because insurers had exceeded the required limits. The study by the New York-based Commonwealth Fund also suggests that the Affordable Care Act forced insurers to become more efficient by limiting their administrative expenses, a key goal of the 2010 law. In some cases, insurers passed savings on to consumers
(Excerpt) Read more at latimes.com ...
More proof that Cauliphonya doesn’t need to “legalize” recreational marijuana.
Who wrote this? Ashton Kucher? Or Charlie Sheen?
Really? So how does that jive with my health insurance premium increasing 18% for 2013?
Meanwhile, Obama blew through $8 TRILLION like it was nothing. And is demanding more.
Consumers is the new word for illegal aliens? I thought it was undocumented workers.
I have this idea....if we could government subsidize a massive amount of weed-growth in America, and just hand out marijuana to everyone, on a massive scale....then we’d smoke enough not to notice how bad our health was, and die earlier from ailments that were never noticed...then we’d save a ton of money on unnecessary medical treatment. I admit, it’s an idea under development, but I think it has bold opportunity.
Definitely alternate-universe ping!
My insurance for next year just went up, too.
Peanuts to what it is costing us in higher premiums.
Of course it will cost your employer 100X as much and lead to the people saving 1.5 billion to be laid off. But hey penny-wise and pound foolish is how the dims operate.......
My Blue Cross/Blue Shield doubled.
And how many lives does it cost? I think that’s the question people should be asking
Meanwhile my Kaiser bill went up another 60 bucks..but not a shock since Kaiser loves Obama and gave millions to his campaign
What rebate? My Medicare supplement is going up 15%.
My premium went 100% my husbands 25%.
Medically necessary meds are no longer covered.......where do these people (LA Times) live, in fairyland?
The propaganda mills are running overtime and exceeding fine.