'Obamacare' saves consumers nearly $1.5 billion

[Calamari]

Health insurance companies passed $1.5 billion in savings mandated by 'Obamacare' on to consumers in 2011, a new analysis shows.

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.

Now you know why the right is against it. It will save you money.

[yeah]

great article. i guess the gopers are wrong. again.

[overtaxed]

Why did my health insurance go up then?

[gonzoliberal]

Why did my health insurance go up then?

Because there are no controls, gommint, market or otherwise.

It's the "free market" raping it's customers, like it always does.

[flyboy56]

It's still not the job of the federal government to health insurance. Should have been left to the states like Romneycare.

[gonzoliberal]

It's still not the job of the federal government to health insurance. Should have been left to the states like Romneycare.

I agree with the first part.

Leave "insurance" out of it.

A well regulated Medicare-like single payer system for all would be the most efficient.

...but that would take billions away from BigInsure.

[Calamari]

A successful program. Outrageous!

[bystander]

how can it be a successful program when 90% of it hasn't been enacted yet.

[bystander]

Health insurance companies passed $1.5 billion in savings mandated by 'Obamacare' on to consumers in 2011, a new analysis shows.Now you know why the right is against it. It will save you money.

And the Feds kept its employees share of the rebate.

[banner1124]

how can it be a successful program when 90% of it hasn't been enacted yet.

I guess the same way it was being portrayed as some unstoppable destructive force hell-bent on decimating all of mankind when 90% of it hadn't been enacted yet

[flyboy56]

To early to tell what effect Obamacare will have on people and businesses.

[Calamari]

To early to tell what effect Obamacare will have on people and businesses.

Still holding out hope that America will be ruined, I see.

[flyboy56]

Still holding out hope that America will be ruined, I see.

Sometimes a disaster is what it takes to wake people up. I hope you are ready.

[Calamari]

Sometimes a disaster is what it takes to wake people up. I hope you are ready.

That's why Repubs lost the presidency twice in a row, people woke up after the disaster of Bush.

[bystander]

I guess the same way it was being portrayed as some unstoppable destructive force hell-bent on decimating all of mankind when 90% of it hadn't been enacted yet

This is true.

[ivanbalt]

I guess the same way it was being portrayed as some unstoppable destructive force hell-bent on decimating all of mankind when 90% of it hadn't been enacted yet

Gotta love it. Program has barely been enacted and it's either the greatest thing ever or the worst thing ever.

[ivanbalt]

Now you know why the right is against it. It will save you money.

It didn't save me any money. Just saying.

Americans who get health insurance through work saw fewer benefits, as insurers often pocketed savings from lower administrative expenses, but some insurers were forced to pay rebates to consumers. Researchers attributed the reduced benefits for consumers in the so-called group market to the fact that many insurers already met the law's requirements.