So who has received their health insurance rebate check?

[Joecooool]

Seems most people are getting between $50 and $100 back.

[Craig]

[onedef92]

Insurance Rebates Coming Soon, Thanks To ObamaCare

Posted: July 12, 2012


Insurance rebates are now in the mail, after the federal government announced that 12.8 million Americans should receive rebates on their health insurance premiums, with the average household rebate check at $151.

The Columbia Tribune reports that the checks are either in the mail or in the hands of those who paid the premiums. In most cases, these people are the employees of companies who have health insurance through a commercial plan.

The the state of Missouri, $65 million in rebates will be received by August 1st, and will be shared among 588,000 private health insurance customers. The Great Falls Tribune notes that 25,353 Montana residents will benefit from an average rebate check of $194 from their health insurance companies.

These rebates are being sent out as a provision in the federal Affordable Care Act (also known as ObamaCare) called the “80/20″ rule, which requires health insurance companies in both individual and small-group markets to spend at least 80% of consumers premium payments on medical care or health care plan improvements. Under the provision, large-group market providers are required to spend at least 85% on improvements.

According to The Columbia Tribune, however, most employees who do have health insurance will not see an insurance rebate, because companies who are self-insured (meaning they offer their own plans that are administered by an insurance company) do not qualify for the rebate provision.

Employees that are covered under a commercial plan may not see a cut of the refund either, because the insurance rebates are being sent directly to employers, who can decide whether to give a percentage to the employee or apply it toward the next year’s premiums.


Read more at Insurance Rebates Coming Soon, Thanks To ObamaCare

[lander]

Wealth redistribution. Class warfare.

Hoo-****ing-ray.

[Joecooool]

Originally Posted by lander

Wealth redistribution. Class warfare.

Hoo-****ing-ray.

A rebate is now "wealth redistribution"?

[Yerf Dog]

I'm not holding my breath.

[G8rDMD]

Originally Posted by Yerf Dog

I'm not holding my breath.

Ditto. Insurance companies will find a way to pass that "cost" on to its consumers, you can guaran-fcuking-tee that

[lander]

Originally Posted by G8rDMD

Ditto. Insurance companies will find a way to pass that "cost" on to its consumers, you can guaran-fcuking-tee that

We pay for everything...big gov doesn't understand that because they get their money from the government, so it's like free money.

Right?

[Joecooool]

Originally Posted by G8rDMD

Ditto. Insurance companies will find a way to pass that "cost" on to its consumers, you can guaran-fcuking-tee that

Nope.



http://www.southbendtribune.com/news...,1488526.story

[Yerf Dog]

Originally Posted by TxAg

I'd prefer the gov't to keep its hands out off MY money than it choosing to take it and give some back.

But they do it so efficiently!

[lander]

Originally Posted by Yerf Dog

But they do it so efficiently!

Oh yeah, it's their specialty! Well, in this case, telling someone else to give money back...since they (big gov) didn't take it they instead are forcing businesses to give some back.

We have privately funded insurance where I've worked for 25 years, my reward from Nobama won't be a forced rebate check, but instead my taxes will go up in I believe 2016 because my health insurance is so much better than everyone elses' that it's not fair, therefore, I should have to pay taxes on the "excess" that I get from my company.

**** them and any libtard that believes in this shit.

[Joecooool]

Originally Posted by TxAg

I'd prefer the gov't to keep its hands out off MY money than it choosing to take it and give some back.

But I'm a smaller gov't guy that way.

Then you do not understand what is happening here with the rebate checks.

Your INSURANCE company is giving the money back to you not the government. Obamacare has the "medical loss ratio" provision that requires health insurance companies to spend 80% of the consumers’ premium dollars they collect—85% for large group insurers—on actual medical care rather than overhead, marketing expenses and profit. Failure on the part of insurers to meet this requirement will result in the insurers having to send their customers a rebate check representing the amount in which they underspend on actual medical care.

[Mike Mercury]

Originally Posted by Joecooool

Seems most people are getting between $50 and $100 back.

you don't understand, and am leaving out a lot of info (typical ):

Most Americans won't see insurance rebate checks .Associated Press
Posted on June 22, 2012 at 1:31 PM

WASHINGTON -- The check may not be in the mail.

The Obama administration said in a report Thursday that 12.8 million people will benefit from health insurance rebates averaging $151 per household. But the number of families actually getting a check will be much smaller, experts say.

The rebate report is the latest in a stream of positive news from the administration about President Barack Obama’s health care overhaul, ahead of a Supreme Court decision on the signature legislation that aims to cover most of the uninsured and requires nearly every U.S. resident to have coverage.

But what the report didn’t spell out clearly is... that nearly two-thirds of the 12.8 million benefitting are only entitled to pro-rated rebates, because they are covered by employers who pay most of their premiums. Workers typically pay about 20 percent of the premium for single coverage, 30 percent for a family plan. Employers pay the rest.

What’s more, employers can plow all the rebate money, including the workers’ share, back into improving the company’s health plan. For example, they could shave premiums by a few dollars in each pay period.

So how many households will get rebate checks in the mail?

"We wouldn’t know that at this particular point," acknowledged Mike Hash, head of the health reform office at the federal Health and Human Services department. Others looking at the government’s figures suggest it may be closer to 3 million.

The health care law requires insurers to spend at least 80 percent of the premiums they collect on medical care and quality improvement, or return the difference to consumers and employers, in what’s called the 80/20 rule. It’s the first time the government has imposed such a requirement and rebates are due by Aug. 1.

It stands to reason that a big chunk of the rebates will go to employers, not consumers, said Larry Levitt, an expert on private health insurance with the Kaiser Family Foundation.

"For many people it’s the employer who is paying the bulk of the insurance premiums," said Levitt. "If the premiums were too high, it’s the employer who should be getting the benefit of the rebate."

According to the administration report, 2.6 million households due rebates purchased their coverage directly from an insurance company. Levitt said it’s this group that is most likely to get a check in the mail. Those households are home to some 4 million people.

Even if most people don’t actually see a check, Levitt said rebates are still one of the most tangible early benefits of the health care law.

[Joecooool]

Originally Posted by TxAg

Are you that naive to think the companies won't find a way to recoup that loss? Again, keep the gov't out of my life and pocket.

God forbid a company make money.

They can't recoup it from their customers.

The only way they can make more money is to stop spending so much on advertising or reduce overhead. That is the law.

That they will probably do. However, they will not be raising your rates to cover it. Your rates are now directly based on actual health care costs and not CEO bonuses.

Here is a good description of whats new. Its great for Americans, but I'm sure you will spin some right wing bullshit on it.

Cracking Down on Insurance Companies, Protecting Consumers | HealthCare.gov

[lander]

Originally Posted by Mike Mercury

you don't understand, and am leaving out a lot of info (typical ):

Most Americans won't see insurance rebate checks .Associated Press
Posted on June 22, 2012 at 1:31 PM

WASHINGTON -- The check may not be in the mail.

The Obama administration said in a report Thursday that 12.8 million people will benefit from health insurance rebates averaging $151 per household. But the number of families actually getting a check will be much smaller, experts say.

The rebate report is the latest in a stream of positive news from the administration about President Barack Obama’s health care overhaul, ahead of a Supreme Court decision on the signature legislation that aims to cover most of the uninsured and requires nearly every U.S. resident to have coverage.

But what the report didn’t spell out clearly is... that nearly two-thirds of the 12.8 million benefitting are only entitled to pro-rated rebates, because they are covered by employers who pay most of their premiums. Workers typically pay about 20 percent of the premium for single coverage, 30 percent for a family plan. Employers pay the rest.

.

So big gov is forcing business' to return money to employers who can keep it...and McDumbassObama is taking credit for giving people free money!




Funny what happens when all of the facts are known. F'king libtard morons.

[Joecooool]

Originally Posted by lander

So big gov is forcing business' to return money to employers who can keep it...and McDumbassObama is taking credit for giving people free money!




Funny what happens when all of the facts are known. F'king libtard morons.

So did you even read the article? If the employers keep the rebates, the employees pay a lower cost.

I love it when you make an ignorant comment and call the other side "morons" at the same time.

[Craig]

Originally Posted by Joecooool

That they will probably do. However, they will not be raising your rates to cover it. Your rates are now directly based on actual health care costs and not CEO bonuses.

Here is a good description of whats new. Its great for Americans, but I'm sure you will spin some right wing bullshit on it.

Cracking Down on Insurance Companies, Protecting Consumers | HealthCare.gov

I'm sure that 80% is aggrigate of all their policy holders, otherwise my United owes me about $11K from last year as all they spent on me was a $100 wellness visit.

I'm not sure how the government deciding how a private company makes and spends its money is "great for Americans".

Hopefully it won't matter in six months.

[Kevin_73]

So I pay nearly $7,000 a year for health insurance, and they are gonna give me back $50?

[Cybercowboy]

I think ours was $64. It's pretty ridiculous and is a tiny fraction of what I spend on hour HC insurance. And no, it won't make me suddenly change my mind and vote for Obama in November.

[Mike Mercury]

Originally Posted by lander

Funny what happens when all of the facts are known. F'king libtard morons.

that's the difference in the reasons behiind the "news" handed out.

One is a story that's supposed to get your vote; the other is telling how it will turn out in real-life scenario.

Be thankful you're not in the cult; or people would be laughing about your gullibility.

Gullibility
a failure of a person - so as to be easily tricked or manipulated - into an ill-advised course of action.