Obamacare rebate checks coming to Florida: Republicans say what?
Today I got two insurance letters in the mail. One from my daughter’s Cigna insurance reporting that, because the insurance company spent 74.7% of premium Dollars on health care, which is below the 80% requirement, it will be issuing a rebate of 5.3% of the health care premium. The other letter is from United Healthcare and has similar content but does not specify the amount yet, and anyways, that rebate check goes to the small business that employs me and pays 100% of my health insurance.
What does this mean? It means that people like me, who currently have private insurance, will experience a measurable monetary benefit thanks to the new health care reform law. It also means that owners of small business who care to insure their employees will also have a reason to be more appreciative of the new law.
Floridians can expect to receive $149 million in health-insurance rebates this year from more than a dozen insurance companies, according to a report from the Kaiser Family Foundation released Thursday. The rebates come from health insurers that spent more on administrative expenses and profits than allowed under health-care overhaul laws that took effect last year.
In the Sunshine State, 1.75 million enrollees will divvy up the rebates. Among those who pay for their own health insurance without the help of an employer, 38 percent should get some money back, an average of $153 per covered member, according to the Kaiser analysis.
That means, in a family of four where everyone is covered, the rebate could exceed $600, said Gary Claxton, co-author of the Kaiser report.
http://www.dailykos.com/story/2012/07/26/1114076/-Obamacare-rebate-checks-coming-to-Florida-Republicans-say-what
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