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Keyword: noconsumersavings

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  • 'Obamacare' saves consumers nearly $1.5 billion

    12/05/2012 6:06:24 PM PST · by Nachum · 115 replies
    L.A. Times ^ | 12/5/12
    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...