Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
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 in the form of lower premiums and higher spending on medical care, the researchers found. This was primarily true in the individual market, where consumers buy health insurance on their own.
The rules "appear to be producing important consumer benefits," concluded the report's authors, Michael McCue, a professor of health administration at Virginia Commonwealth University, and Mark Hall, a healthcare law professor at Wake Forest University.
Administrative costs in the individual market dropped in 39 states, with major improvements in Delaware, Ohio, Louisiana, South Carolina and New York.
And insurers in 37 states spent relatively more of their customers' premiums on medical care, with big gains in New Mexico, Missouri, West Virginia, Texas and South Carolina.
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 in the form of lower premiums and higher spending on medical care, the researchers found. This was primarily true in the individual market, where consumers buy health insurance on their own.
The rules "appear to be producing important consumer benefits," concluded the report's authors, Michael McCue, a professor of health administration at Virginia Commonwealth University, and Mark Hall, a healthcare law professor at Wake Forest University.
Administrative costs in the individual market dropped in 39 states, with major improvements in Delaware, Ohio, Louisiana, South Carolina and New York.
And insurers in 37 states spent relatively more of their customers' premiums on medical care, with big gains in New Mexico, Missouri, West Virginia, Texas and South Carolina.
Yeah, and the wingnuts dream of dumping Obamacare is going to evaporate faster than ever as more and more of the benefits of the law start to kick in.
While FAR from perfect, it was the best that could be accomplished at the time and now some of the benefits are starting to be realized.
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 in the form of lower premiums and higher spending on medical care, the researchers found. This was primarily true in the individual market, where consumers buy health insurance on their own.
The rules "appear to be producing important consumer benefits," concluded the report's authors, Michael McCue, a professor of health administration at Virginia Commonwealth University, and Mark Hall, a healthcare law professor at Wake Forest University.
Administrative costs in the individual market dropped in 39 states, with major improvements in Delaware, Ohio, Louisiana, South Carolina and New York.
And insurers in 37 states spent relatively more of their customers' premiums on medical care, with big gains in New Mexico, Missouri, West Virginia, Texas and South Carolina.
But..those rebates can be kept by your company and used in the future to "offset increased costs".
That's the letter I got along with my 20% yearly increase in premium for next year.
Obamacare is a good start, but Medicare for all needs to be the final goal. My premiums went down but my insurance company can still deny care. The corporate greedheads need to be removed from the drivers seat and chained up in the back.
Obamacare is a good start, but Medicare for all needs to be the final goal. My premiums went down but my insurance company can still deny care. The corporate greedheads need to be removed from the drivers seat and chained up in the back.
I agree that single payer is the ultimate goal.
Right now, we'll take what we can get though.
You may be costing too much to the system. Those who didn't, can expect their refunds.
Maybe it's all those therapy sessions for his "leg-humping" fixiation.
Ken
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
