Maybe consumers saved some money but producers got smoked. If "consumers" saved $1.5 billion and there are 310 MM people in the US and 40 MM do not have healthcare coverage, then consumers saved 1500 million divided by 270 million which is grand total of $5.56 each.
Did your healthcare go up more than $5.56?
Thought so.
I’ve worked in the health insurance industry on and off for over a decade, I’ve sat in negotiations for large group renewal negotiations and such, have seen the internals of claims and such, and have witnessed the rates increases at 2.5x the CPI for the last decade.
I got notice of renewal due to the ObamaCare changes and almost fell over.
My health insurance went DOWN, for the first time in my life,
by a whopping $0.70 per month, for a grand savings of $8.40 per year.
I called everyone I know to gloat, it was exciting, I bought a six pack to celebrate.
Then I was in the hole again.