'Obamacare' saves consumers nearly $1.5 billion (healthcare, premium, Missouri, insurance)

[Versatile]

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.

[LordBalfor]

Originally Posted by Versatile

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

[HappyTexan]

Originally Posted by Versatile

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.

[EinsteinsGhost]

Originally Posted by HappyTexan

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.

[Bily Lovec]

I didnt get a rebate so this is yet another BS post by leg-humpers.

[artisan4]

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.

[LordBalfor]

Originally Posted by Bily Lovec

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

[EinsteinsGhost]

Originally Posted by Bily Lovec

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.

[LordBalfor]

Originally Posted by artisan4

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

[LordBalfor]

Originally Posted by EinsteinsGhost

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