U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
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.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 12-05-2012, 11:12 AM
 
12,201 posts, read 11,531,675 times
Reputation: 4920

Advertisements

Looks good to me!

'Obamacare' saves consumers nearly $1.5 billion - latimes.com

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.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 12-05-2012, 11:15 AM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 24,090,943 times
Reputation: 7583
Quote:
Originally Posted by Versatile View Post
Looks good to me!

'Obamacare' saves consumers nearly $1.5 billion - latimes.com

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.

Ken
Rate this post positively Reply With Quote Quick reply to this message
 
Old 12-05-2012, 11:21 AM
 
Location: Great State of Texas
86,068 posts, read 76,905,739 times
Reputation: 27652
Quote:
Originally Posted by Versatile View Post
Looks good to me!

'Obamacare' saves consumers nearly $1.5 billion - latimes.com

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.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 12-05-2012, 11:26 AM
 
Location: Dallas, TX
31,765 posts, read 26,345,428 times
Reputation: 12287
Quote:
Originally Posted by HappyTexan View Post
But..those rebates can be kept by your company and used in the future to "offset increased costs".
IF your company chooses to. Unless you prefer that the government establish rules that employers sponsoring health insurance send it to employees.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 12-05-2012, 11:26 AM
 
Location: 77441
3,160 posts, read 4,018,103 times
Reputation: 2306
I didnt get a rebate so this is yet another BS post by leg-humpers.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 12-05-2012, 11:30 AM
 
Location: Colorado
1,973 posts, read 2,119,924 times
Reputation: 1755
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.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 12-05-2012, 11:30 AM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 24,090,943 times
Reputation: 7583
Quote:
Originally Posted by Bily Lovec View Post
I didnt get a rebate so this is yet another BS post by leg-humpers.
You sure seem to have an unnatural fixiation on "leg humping".
Hmmmmm.....


Ken
Rate this post positively Reply With Quote Quick reply to this message
 
Old 12-05-2012, 11:31 AM
 
Location: Dallas, TX
31,765 posts, read 26,345,428 times
Reputation: 12287
Quote:
Originally Posted by Bily Lovec View Post
I didnt get a rebate so this is yet another BS post by leg-humpers.
You may be costing too much to the system. Those who didn't, can expect their refunds.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 12-05-2012, 11:31 AM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 24,090,943 times
Reputation: 7583
Quote:
Originally Posted by artisan4 View Post
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.

Ken
Rate this post positively Reply With Quote Quick reply to this message
 
Old 12-05-2012, 11:33 AM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 24,090,943 times
Reputation: 7583
Quote:
Originally Posted by EinsteinsGhost View Post
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
Rate this post positively Reply With Quote Quick reply to this message
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.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top