health care reform rebates Archives

Health care reforms get a boost in popularity from insurance rebates

August 3, 2012August 3, 2012 Julie Campbell

The checks are being received and people are seeing the positive side of Obamacare. Now that some of the cost saving elements of the Affordable Care Act have been put into place and are being received by individuals, families, and small businesses, the popularity of the health care reforms is rapidly climbing. Many people are starting to feel that insurers are now being forced into fairness. The reason is that part of the health care reforms require insurance companies to spend 80 percent of the money they collect in premiums…

The health care reform timeline for rebates

May 23, 2012May 23, 2012 Julie Campbell

Estimates say that 2012 will see a total of $1.3 billion but that there is a wide variety among states. An analysis performed by the Kaiser Family Foundation has estimated that there will be rebates totaling $1.3 billion for consumers and businesses by the end of August this year. This money will come from insurance companies that spent more than the maximum allowed on non-care expenses. The Affordable Care Act states that only 20 percent of the income taken in from premiums can be spent on administrative and other costs…