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 ...
Where’s my check????
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..
“Really? So how does that jive with my health insurance premium increasing 18% for 2013?”
23% here...
She is good! I would never have known that was a white gurl. That is exactly how the entitlement society thinks and speaks!
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.
Drill rolls eyes...
Huh ?
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.
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...
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.
Communal control of the medical and medical insurance industries is what Obama Communism is all about. Deal with it.
Kind of like when the wife says “Honey, I saved sooooooo much money at the mall today. I only spent $900.”
Got you beat. My group health policy went up 42% starting Jan 1. Mostly a result of DeathCare by Obama.
Kind of like when the wife says “Honey, I saved sooooooo much money at the mall today. I only spent $900.”
“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).
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
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.
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