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Consumers saved $3.9 billion on premiums in 2012
HHS.Gov ^

Posted on 06/21/2013 4:50:03 AM PDT by wdk535

Today, the Department of Health and Human Services (HHS) announces that nationwide, 77.8 million consumers saved $3.4 billion up front on their premiums as insurance companies operated more efficiently. Additionally, consumers nationwide will save $500 million in rebates, with 8.5 million enrollees due to receive an average rebate of around $100 per family. Today’s report includes the 2012 health insurer data required under the Affordable Care Act’s Medical Loss Ratio, or “80/20 rule.” The report shows that, compared to 2011, more insurers are meeting this standard and spending more of their premium dollars directly toward patient care and quality, and not red tape and bonuses...

(Excerpt) Read more at hhs.gov ...


TOPICS: Government
KEYWORDS: abortion; deathpanels; obamacare; zerocare
http://m.youtube.com/watch?v=f7pMYHn-1yA
1 posted on 06/21/2013 4:50:03 AM PDT by wdk535
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To: wdk535

Anyone here that had less premiums last year, or this year than before this abortion of ACA was enacted? Anyone?


2 posted on 06/21/2013 4:51:43 AM PDT by Gaffer
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To: wdk535

Do they actually believe their own BS?


3 posted on 06/21/2013 4:54:29 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: wdk535

oh bull sheet


4 posted on 06/21/2013 4:56:44 AM PDT by yldstrk (My heroes have always been cowboys)
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To: wdk535

More lies.


5 posted on 06/21/2013 4:57:03 AM PDT by SC_Pete
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To: wdk535

Really? Where’s the money “saved”? This government lies 24/7. Do they really think the taxpayers are this stupid?


6 posted on 06/21/2013 4:58:30 AM PDT by txrefugee
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To: wdk535

It must be nice for liberals to look at this rule and bask in the glory of their own cleverness. They have on their own limited the investment returns and waste of medical insurance companies . . . except that to cover the required profits and overhead (investors will leave without profit, and management will leave without competitive paychecks), all they have to do is jack up the premiums and the prices of the services. Unintended consequences are what the far left likes to call “unexpected”.


7 posted on 06/21/2013 5:01:12 AM PDT by Pollster1 ("Shall not be infringed" is unambiguous.)
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To: Gaffer; All

LOL- i must assume these are politicians and gov’t workers who saved this money....my premiums have increased 20% in the past two years...


8 posted on 06/21/2013 5:01:16 AM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: wdk535

My premiums went up... I smell brimstone all over this lie.

LLS


9 posted on 06/21/2013 5:02:24 AM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
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To: Gaffer

My BC/BS premiums and co-pays all increased.


10 posted on 06/21/2013 5:03:01 AM PDT by ArrogantBustard (Western Civilization is Aborting, Buggering, and Contracepting itself out of existence.)
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To: wdk535
Created through the Affordable Care Act, the [80/20] rule requires insurers to spend at least 80 cents of every premium dollar on patient care and quality improvement.

Can you imagine the bureaucracy it's going to take to enforce this and does anyone think the gov't should be the final arbiter of what is or is not efficient in health care?

11 posted on 06/21/2013 5:03:45 AM PDT by econjack (I'm not bossy...I just know what you should be doing.)
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To: wdk535
would that be people that DROPPED their insurance cause they couldn't afford it anymore???
12 posted on 06/21/2013 5:04:43 AM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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To: God luvs America

Yes. Most normal hardworking honest peoples’ insurance has gone up. I’d hazard to guess that if you carefully examined the data set from which they pulled this amazing news, one would find they were predominantly based on UNION jobs.

That said, I’ve maintained for a couple of decades now that if anyone could show me where Jimmy Hoffa is buried, I’d actually join a UNION. Given this past week’s news extravaganza re: same, I repledge that vow.


13 posted on 06/21/2013 5:06:32 AM PDT by Gaffer
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To: Gaffer

Our premiums just go up,up,up.


14 posted on 06/21/2013 5:08:50 AM PDT by MustKnowHistory
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To: MustKnowHistory

Premiums went up 36% this year and expect a jaw dropping increase next year.


15 posted on 06/21/2013 5:09:51 AM PDT by MustKnowHistory
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To: txrefugee

No, but they know the non-taxpayers fit right into this mold...


16 posted on 06/21/2013 5:09:52 AM PDT by Fedupwithit (You gave him what he wanted. I gave him what he needed.)
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To: wdk535

Oceania has always been at war with Eurasia. And thank you Big Brother for raising the chocolate ration to 20 grammes a week.


17 posted on 06/21/2013 5:09:54 AM PDT by Lawgvr1955 (You can never have too much cowbell !!)
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To: econjack

Too bad we can’t hold government to the same standard. How much of our tax money is wasted on bloated government salaries and administrative costs?


18 posted on 06/21/2013 5:09:59 AM PDT by rightwingintelligentsia (Truth/Lies; Liberty/Tyranny--WHAT DIFFERENCE DOES IT MAKE??)
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To: God luvs America

My FEP Bc/BS Cobra coverage went up 100$ a month this year.


19 posted on 06/21/2013 5:13:25 AM PDT by Kozak (The Republic is dead. I do not owe what we have any loyalty, wealth or sympathy.)
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To: Gaffer

Don’t look so much at the content of the message. Rather, look at that broader picture here. The MSM is deliberately propagating falsehoods about this program. They’re front-loading the BS to allow politicians to cite “recent” or “previous” articles in MSM sources that confirmed we are saving money.

The lazy idiots on welfare won’t care, because everything for them will be subsidized. This is why I believe we’ll see massive civil unrest next year.


20 posted on 06/21/2013 5:14:05 AM PDT by rarestia (It's time to water the Tree of Liberty.)
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To: wdk535

Funny, my premiums rose 12%.


21 posted on 06/21/2013 5:14:20 AM PDT by The_Victor (If all I want is a warm feeling, I should just wet my pants.)
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To: wdk535

Just like those jobs the administration “saved”...


22 posted on 06/21/2013 5:17:22 AM PDT by chrisser (Senseless legislation does nothing to solve senseless violence.)
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To: wdk535

I don’t know how they calculated this, but this is BS.

How stupid do they think we are?

Oh yeah, we elected Obama. .. Twice.


23 posted on 06/21/2013 5:19:26 AM PDT by P-Marlowe (There can be no Victory without a fight and no battle without wounds.)
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To: wdk535

"I personally saved a billion on my premiums!"

24 posted on 06/21/2013 5:21:11 AM PDT by Obadiah (Inside of every Liberal beats the heart of a fascist yearning to reveal their true nature.)
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To: rarestia

Well, I can certainly believe you on that and I think that it is true.

This is just fodder for the leeching masses to cite when they want to get indignant when calling into a local talk radio show. They don’t have any idea about what costs what because they don’t have to pay for any of it.


25 posted on 06/21/2013 5:21:19 AM PDT by Gaffer
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To: wdk535

I wonder if fewer people in the workforce has anything to do with Insurance companies collecting fewer premiums.


26 posted on 06/21/2013 5:22:54 AM PDT by King Moonracer (Bad lighting and cheap fabric, that's how you sell clothing.....)
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To: central_va

I’ll be you a dollar to a donut they didn’t even put together the study themselves. They probably paid a contractor to do it at very high cost - with the predirection that the outcome be this.


27 posted on 06/21/2013 5:25:07 AM PDT by Gaffer
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To: wdk535

Yeah, and I have a rainbow colored unicorn flying around my yard! We are truly living in insane times.


28 posted on 06/21/2013 5:27:08 AM PDT by pepperdog ( I still get a thrill up my leg when spell check doesn't recognize the name/word Obama!)
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To: wdk535

My health insurance costs went up 28.5%.

To suggest there were ANY “savings” on premiums in 2012 IS A LIE!!


29 posted on 06/21/2013 5:32:18 AM PDT by G Larry (Let his days be few; and let another take his office. Psalms 109:8)
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To: Gaffer

Government math. They say premiums would have gone up 20%, but when they only go up 15%, there’s a savings.

Barry has done the same with unemployment and every other economic indicator...advising us how much worse it would have been, without porkulus.


30 posted on 06/21/2013 5:40:05 AM PDT by lacrew (Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
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To: Gaffer
Anyone here that had less premiums last year, or this year than before this abortion of ACA was enacted? Anyone?

Nope - even my TriCare Prime went up.

31 posted on 06/21/2013 5:46:03 AM PDT by trebb (Where in the the hell has my country gone?)
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To: MustKnowHistory

Open enrollment is coming in August for our company. Insurance coverage for families to increase $200 per month. The shop workers making 12-14$ per hour can’t afford that hit. Women and children hurt most.
Truth be known, I don’t care. Most of these people voted for this FREE health care, wonder how they like it now? Free has never been so expensive.


32 posted on 06/21/2013 5:49:35 AM PDT by 9422WMR (: " Tolerance is the virtue of a man who has no convictions".)
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To: wdk535

What a complete and utter load of bullshit.

So, I’m saving $100? Is this before or after my brand new deductible of $200?


33 posted on 06/21/2013 5:50:39 AM PDT by VeniVidiVici (Obama's Enemies List - Yes, you are a crook.)
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To: Gaffer
Anyone here that had less premiums last year, or this year than before this abortion of ACA was enacted? Anyone?

Come on Gaffer, you simply don't know how to do democrat math. You may have had a 50% increase in your healthcare insurance premium, but the democrats estimate that it would have increased 60% if not for the Affordable Care Act. Therefore, the Affodable Care Act was responsible for your 10% savings on your healthcare insurance premiums. Feel better? You should thank Obama and the democrats that had the wisdom to knwo what was good for us.

34 posted on 06/21/2013 6:17:30 AM PDT by Go Gordon (Barack McGreevey Obama)
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To: wdk535

In typical Democrat lying liberal bilge,my 2000 dollar INCREASE in premium was actually a cut,because it was supposed to be a 2500 dollar increase


35 posted on 06/21/2013 6:23:05 AM PDT by ballplayer
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To: wdk535
... consumers saved $3.4 billion up front on their premiums as insurance companies operated more efficiently.

We are supposed to believe that government intervention caused private companies to operate more efficiently? What a howler. "There Oughta be a Law" that the use of the words "government" and "efficient" in a single paragraph is a Class A Felony.

36 posted on 06/21/2013 6:23:59 AM PDT by ProtectOurFreedom
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To: central_va

I worked for a boss once who, finding the results his analysts provided him not to his liking, would give them the answers he wanted and direct them to re-do their analysis. Sounds like he went to work for HHS.


37 posted on 06/21/2013 6:25:34 AM PDT by ProtectOurFreedom
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To: Go Gordon

Yeah...I guess I’m just one of those throwbacks that have a hard time in dealing with lying Democrat Math.


38 posted on 06/21/2013 6:30:22 AM PDT by Gaffer
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