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Old 04-28-2012, 04:34 PM   #1
Churper
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Default Millions to get Obama Cash

Probably the best provision in all of ObamaCare


http://www.kff.org/healthreform/8305.cfm

Quote:
Beginning in 2011, the Affordable Care Act (ACA) requires insurance plans to pay out a minimum percentage of premium dollars towards health care expenses and quality improvement activities, limiting the amount spent on administrative and marketing costs and profit. Under the law, large group plans are required to spend at least 85 percent of premium dollars on health care and quality improvement, while small group plans must spend at least 80 percent. These ratios are known as the Medical Loss Ratio (MLR). This analysis looks at the latest estimates provided by insurers to state insurance commissioners.The analysis finds that consumers and businesses are expected to receive an estimated $1.3 billion by this August in rebates from health insurers who spent more on administrative expenses and profits than allowed by the ACA. The rebates include $541 million in the large employer market, $377 million in the small business market, and $426 million for those buying insurance on their own. Rebates in the group market will generally be provided to employers, and in some cases be passed on to employees as well.Rebates are expected to go to almost one-third (31%) of consumers in the individual market. Among employers, about one-quarter (28%) of the small group market and 19% of the large group market is projected to receive rebates. The share of consumers in the individual insurance market expected to receive rebates ranges from near zero in several states to as high as 86% in Oklahoma and 92% in Texas.
That's a good law!If insurance companies won't spend most the premiums they collect on people's care, they have to refund the money.

Quote:
Nationally, an estimated 3.4 million people who bought their own coverage are projected to receive rebates this year from 215 insurance plans, according to the study. The biggest dollar amounts are expected to go to consumers in Alaska, where per person rebates are expected to average $305, Maryland, $294, Pennsylvania, $243 and Idaho, $241
Woohoo! I haven't went to the motha fuckin doctor once this year. Give me my Obama Cash hommmmie! You gota have insurance to be gangsta

Whatcha got conservatives? You playas aint got da insurance to get the obama monOnOnOnONEY! Haters gonna hate!
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Old 04-28-2012, 04:47 PM   #2
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LOL, they just take it back in taxes to subsidize the people with no insurance, to buy insurance with.
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Old 04-28-2012, 04:48 PM   #3
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Churper and his love of big govt. I hope you can't vote in 2012
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Old 04-28-2012, 05:57 PM   #4
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Quote:
Originally Posted by dad61 View Post
LOL, they just take it back in taxes to subsidize the people with no insurance, to buy insurance with.
Erm what? The millions who receive the rebate will not be paying higher taxes. You'll be paying higher taxes if you don't have insurance. The pharma and medical device companies will be paying higher taxes. Those with the "Cadillac's" of insurance coverage will be paying higher taxes. Me (hopefully) and millions others will be getting our premium refunded because our insurance companies are overcharging us and not spending it on our care.

You are familiar with the wikipedia article on Obamacare aren't you?
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Old 04-28-2012, 05:58 PM   #5
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I use the VA.
Work has insurance.
I will have to research if I get something.
The VA does bill insurance companies which rarely pay up.
That is pretty sucky of them I think.
They take the payments in but don't make payments out.
They seem to be stealing from us so they can have huge expensive buidings and pay their VIPs a lot.
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Old 04-28-2012, 06:00 PM   #6
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Originally Posted by Chained View Post
Churper and his love of big govt. I hope you can't vote in 2012
Oh that's right because I'm liberal I must be Canadian. What's with you only able to contribute one liners to the conversation? What are you African?
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Old 04-28-2012, 07:56 PM   #7
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I thought Obama cash was referred to as food stamps. My bad
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Old 04-28-2012, 08:33 PM   #8
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Rebates this year huh? In late October or November just before the election? So Obama plans to buy votes with the People's own money...

Then four more years to finish consolidating his power and installing a total dictatorship. Sounds like a plan!
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Old 04-28-2012, 11:05 PM   #9
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Quote:
Originally Posted by Churper View Post
Erm what? The millions who receive the rebate will not be paying higher taxes. You'll be paying higher taxes if you don't have insurance. The pharma and medical device companies will be paying higher taxes. Those with the "Cadillac's" of insurance coverage will be paying higher taxes. Me (hopefully) and millions others will be getting our premium refunded because our insurance companies are overcharging us and not spending it on our care.

You are familiar with the wikipedia article on Obamacare aren't you?
I'm familiar with reality son
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Old 04-28-2012, 11:50 PM   #10
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LOL...there won't be any rebates because this law will put private insurance companies out of business. Welcome to reality.
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