Health insurance plans owe $1.1 billion in rebates

Jun 21, 2012 Full story: www.washingtonpost.com 7

Obama administration found that 12.8 million Americans will receive rebates this year, with an average value of $151 per household.

Millions of consumers and businesses will receive $1.1 billion in rebates this summer from health insurance plans that failed to meet a requirement of the new health-care law, according to the Health and Human Services Department.

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Grab a cool bud

Fishers, IN

#1 Jun 21, 2012
it"s Hellthcare of Healthcare! just Hucare;-00
Robert

Hollywood, FL

#2 Jun 21, 2012
I don't see this being a good thing, if insurance companies can not invest additional profits for use later how can they keep insurance prices level. I know a lot of insurance is cheap because they make so much on the invested profits they can drop the premiums lower.

Of course this only effects people with insurance most people get health insurance through work and most large employers don't buy insurance, they pay an insurance company to administer an employer sponsored health plan.

The devil is in the details and when you don't them them right because you were too busy cramming something down peoples throats while you had the partisan votes to do so you make mistakes, sometimes big mistakes and you plans end up in front of the supreme court.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#3 Jun 21, 2012
Robert wrote:
I don't see this being a good thing, if insurance companies can not invest additional profits for use later how can they keep insurance prices level. I know a lot of insurance is cheap because they make so much on the invested profits they can drop the premiums lower.
Of course this only effects people with insurance most people get health insurance through work and most large employers don't buy insurance, they pay an insurance company to administer an employer sponsored health plan.
The devil is in the details and when you don't them them right because you were too busy cramming something down peoples throats while you had the partisan votes to do so you make mistakes, sometimes big mistakes and you plans end up in front of the supreme court.
Oh come on.

This is only excess profit....gouging $150. from each and every American family. They have been gouging for years, and have any investments they need. THIS IS NOT LIFE INSURANCE, IT IS HEALTH INSURANCE.

If they had (have) made investments, insurance would be cheaper, and not more expensive.
Makes sense

Dearborn, MI

#4 Jun 21, 2012
Cool. It's like a tax cut for regular people!
Robert

Hollywood, FL

#5 Jun 21, 2012
Mr_Bill wrote:
<quoted text>
Oh come on.
This is only excess profit....gouging $150. from each and every American family. They have been gouging for years, and have any investments they need. THIS IS NOT LIFE INSURANCE, IT IS HEALTH INSURANCE.
If they had (have) made investments, insurance would be cheaper, and not more expensive.
I think they do the same thing, not that it makes a difference to me, they don't get any excess profits from me. I like a lot of people have an insurance card, blue cross blue shield in this case, but I don't have insurance, neither do a lot of people, I have an employer sponsored health care plan, blue cross blue shield administers it an handles the claims but my old employer pays the bills I run up.

Since: Nov 08

Location hidden

#6 Jun 21, 2012
Trying to buy votes at election time are we? This rotten president is cornier than Boss Hogg.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#7 Jun 22, 2012
Robert wrote:
<quoted text>
I think they do the same thing, not that it makes a difference to me, they don't get any excess profits from me. I like a lot of people have an insurance card, blue cross blue shield in this case, but I don't have insurance, neither do a lot of people, I have an employer sponsored health care plan, blue cross blue shield administers it an handles the claims but my old employer pays the bills I run up.
Yet, if the payer gets the rebate, he can offer you more coveragge, or increase his profits, or BOTH.

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