- Sep 14, 2011
- 63,947
- 9,979
- 2,040
? Thanks To Obamacare, You Might Be Getting An Insurance Refund
As I've posted before, we got two refunds last year.
Its about frikken time the insurance consumer got what we pay for.
Thank you, Mr President.
In a story thats bound to send Republicans straight into the spin cycle, it was announced on Thursday that insurance companies will be refunding Americans $332 million because theyve been overcharging them for healthcare.
A generally ignored by Fox News part of the Affordable Care Act (aka, Obamacare) mandates that insurance companies spend at least $.80 of every dollar on *gulp* healthcare. The other $.20 can go toward administrative costs and all the other perks that CEOs of giant insurance companies enjoy. The law is even stricter when the policy is sold to a large employer, with a full 85 percent needing to go to healthcare. In other words, anti-Obamacare people, your insurance company is not charging you more because of Obamacare.
The refunds, which will be mailed to about 6.8 million customers, are set to go out by August 1st. Some will have the option of taking a credit toward future premiums instead.
As I've posted before, we got two refunds last year.
Its about frikken time the insurance consumer got what we pay for.
Thank you, Mr President.