Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

'Obamacare' saves consumers nearly $1.5 billion
L.A. Times ^ | 12/5/12

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 ...


TOPICS: Breaking News; Culture/Society; News/Current Events
KEYWORDS: consumers; fantasy; idiocy; laslimes; lunacy; noconsumersavings; obamacare; saves
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 101-116 next last
To: Nachum

Where’s my check????


41 posted on 12/05/2012 6:53:24 PM PST by SkyDancer (Live your life in such a way that the Westboro church will want to picket your funeral.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: pepsionice

Just think of all the savings we will all enjoy when the death panels are fully up and functioning. We will mercy kill ourselves right into prosperity..rolleyes..


42 posted on 12/05/2012 6:54:04 PM PST by corlorde (forWARD of the state)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Nachum

43 posted on 12/05/2012 6:56:26 PM PST by Bratch
[ Post Reply | Private Reply | To 1 | View Replies]

To: Imperialist

“Really? So how does that jive with my health insurance premium increasing 18% for 2013?”

23% here...


44 posted on 12/05/2012 6:56:38 PM PST by Magic Fingers (Political correctness mutates in order to remain virulent.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: annieokie

LOL

She is good! I would never have known that was a white gurl. That is exactly how the entitlement society thinks and speaks!

45 posted on 12/05/2012 6:59:58 PM PST by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
[ Post Reply | Private Reply | To 28 | View Replies]

To: Nachum

It’s Like driving 400 miles so you can save $.50 on Hostess Twinkies. It’s liberal math guys you won’t be able to figure it out with your pocket calculators.


46 posted on 12/05/2012 7:02:20 PM PST by Taxbilly
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum
That works out to a whopping savings of $4.76 per person or $19.05 for a family of 4. Definitely work the cost of an extra $1,200 per year in increased premiums.

Drill rolls eyes...

47 posted on 12/05/2012 7:03:10 PM PST by Drill Thrawl (We have crossed the line from independence & liberty to dependency & servitude. We are doomed)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

Huh ?


48 posted on 12/05/2012 7:03:24 PM PST by Eric in the Ozarks (In the game of life, there are no betting limits)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Imperialist

Last year my daughter’s health insurance premium tripled. She is 26. She dropped it because she couldn’t afford it. So who is saving all this money because I sure don’t see it.


49 posted on 12/05/2012 7:04:30 PM PST by ilovesarah2012
[ Post Reply | Private Reply | To 6 | View Replies]

To: Jim Robinson

In the military one of the pervasive buzz phrases is “to save money”... that something will be eliminated in order to [ostensibly] cut waste/abuse. Of course the purpose of the phrase is to plant the false notion that the government is trying to be wise and responsible in how it spends the taxpayers’ money.

The accurate translation is really “we are wasting just as much if not more than before, but we need to pump more money into boondoggles like diversity and green projects.” Or simply, that the current crop of bureaucrats needs to justify their jobs by rearranging the deck chairs, to be moved back again when that scheme doesn’t work, and then back and forth until eternity (or an iceberg).

When the government claims to “save money” is it always heralded as a good thing, but when a corporation attempts to cut costs/save money it is demonized by the government as the epitome of evil and greed for making the little guy suffer.

I expect this this tactic to be used heavily as Obamacare cuts access to care and the quality of doctors and services necessarily plummets. We will be be told how virtuous our government is for “saving money”, while the “little guys” are dropping like flies. Meanwhile that evil Wal-Mart is killing people by having them work holidays...


50 posted on 12/05/2012 7:05:00 PM PST by Ezekiel (The Obama-nation began with the Inauguration of Desolation.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Drango

Right. And who audited these insurance companies books to make sure they complied? My healthy mid 20 year olds got monthly premium increases for 2013 of 19.5 percent from Carefirst Bluecross/Blueshield with $2500 deductibles.

who saved money with what insurers?

more propaganda from the MSM.

i hope the idiots who re-elected BO enjoy their free medical care that my kids are paying for.


51 posted on 12/05/2012 7:06:09 PM PST by IWONDR
[ Post Reply | Private Reply | To 2 | View Replies]

To: Nachum

Communal control of the medical and medical insurance industries is what Obama Communism is all about. Deal with it.


52 posted on 12/05/2012 7:06:09 PM PST by Graewoulf ((Traitor John Roberts' Obama"care" violates Sherman Anti-Trust Law, AND the U.S. Constitution.))
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

Kind of like when the wife says “Honey, I saved sooooooo much money at the mall today. I only spent $900.”


53 posted on 12/05/2012 7:06:39 PM PST by SoFloFreeper
[ Post Reply | Private Reply | To 1 | View Replies]

To: Drango

Got you beat. My group health policy went up 42% starting Jan 1. Mostly a result of DeathCare by Obama.


54 posted on 12/05/2012 7:07:12 PM PST by sitetest (If Roe is not overturned, no unborn child will ever be protected in law.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Nachum

Kind of like when the wife says “Honey, I saved sooooooo much money at the mall today. I only spent $900.”


55 posted on 12/05/2012 7:07:37 PM PST by SoFloFreeper
[ Post Reply | Private Reply | To 1 | View Replies]

To: ilovesarah2012

“She dropped it because she couldn’t afford it. So who is saving all this money because I sure don’t see it.”

She is saving money; she is no longer burdened with the cost of healthcare! She won’t be spending money on doctors, either (this probably is how they arrived at their “savings” figure).


56 posted on 12/05/2012 7:08:04 PM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
[ Post Reply | Private Reply | To 49 | View Replies]

To: Imperialist

Yeah, mine’s going up about 20% (Blue Cross/Blue Shield of Massachusetts). It’s an effective 2.5% after-tax pay cut for me, and that’s before the expiration of the Bush tax cuts, which will probably take another 2-3% out of each paycheck. And unlike most of the sheeple, I know EXACTLY whose fault it is, and I’m not shy about proclaiming it to people...sadly, most of them still won’t listen.

}:-)4


57 posted on 12/05/2012 7:17:30 PM PST by Moose4 (...and walk away.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Nachum

I have a neighbor who got a rebate check. He’s in his 50’s, smokes a lot, has a pretty bad cough, but he never went to the doctor this year.

He was pretty excited about getting that rebate check, though.


58 posted on 12/05/2012 7:18:34 PM PST by woweeitsme
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum
Did they cherry-pick the time period? Obamacare is being rolled in by stages: for example, the Obamatax doesn't kick in until next year. Weren't the "benefits" front-loaded and the real bite deferred?
59 posted on 12/05/2012 7:21:58 PM PST by danielmryan
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum
Come to think of it, did they cherry-pick the group of "savers"?
60 posted on 12/05/2012 7:22:45 PM PST by danielmryan
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 101-116 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson