Obamacare works! Vermonters received 2.3 million dollars in rebates this year from insurers
BREAKING: Obamacare Works!
http://www.greenmountaindaily.com/diary/9223/breaking-obamacare-works
...snip....
One of the benefits of the Affordable Care Act (I don't like to call it Obamacare, although President Obama now says he's okay with it) is a provision sponsored by Al Franken, the newest senator from Minnesota. It's based on the radical notion that health insurance payments should go to pay for--guess what--health care. According to this idea, any health insurance company that doesn't spend enough of the premiums it collects on health care must be spending too much money on marketing, fat executive salaries, and other things that you and I and our employers shouldn't be paying for. Therefore, unless the company pays out at least 85% of its premiums on health care they owe a refund back to the people who paid the premiums.
I got my rebate in my paycheck last week. It was about $300. In addition, we have almost $70,000 that they refunded to our employer that we can save to help reduce what we have to pay for health insurance next year.
Vermonters received 2.3 million dollars in rebates this year from insurers who didn't spend enough of your premiums on actual care.
The average rebate per family in Vermont was $807.00, the highest in the nation. You could say that we made out pretty well this year, or you could say that we got ripped off more than other states, and now we're getting it back.
Here is a map of the US showing how much each state got back:
http://money.cnn.com/interactive/pf/health-care-rebates/
So this is a good thing to know. The next time one of your conservative friends starts whining about how we didn't need or want the Affordable Care Act, and how it's not helping anybody, remind them of the rebate that you and the other people in your neighborhood are getting.
And also remind them that if Mitt Romney gets his way the insurance companies are going to get to keep that money.
