Page 154 - Rebates News Today

But today because of the affordable care act insurance companies have to spend at least 80% of every dollar that you pay in premiums on your health care. not on overhead. not on profits. but one. now many insurance companies are already exceeding that target. they are bringing down premiums and providing better value to their customers. but those that arent now actually have to reimburse you. if they are not spending your premium dollars on your health care, at least 80% it, they got to give you...

So for people like morgan who are self-imploded, have to -- self-employed, who have to buy on the individual market, they will suddenly see opportunities not just for the rebates we discussed but for even greater savings in their monthly premiums. so if you already buy insurance on the individual market, meaning that you dont get insurance through a big group plan through your employer that could mean thousands of dollars a year that can go towards paying a mortgage, or putting a kid through col...

Beginning when this law was first enacted three years ago. so theyre trying to make up for lost time, make people understand what this law really does. today the president highlighted the fact that this summer 8.5 million consumers will be getting rebates of up to about $100 per family under a provision of the health care law which says that insurance companies have to pay at least 80% in medical care costs, not salaries. if they fail to meet that requirement, then they have to give consumers re...

Part we can no longer stand silent in face of elements of the affordable care act that will destroy the very health and well-being of our members along with millions of other hard working americans. lets debate this. alan colmes is a fox news contributor and director of communications for american crossroads. thanks for being here. alan, what do you think of these union leaders that feel strongly enough to come public with this letter that they worry about members becoming part-time workers or u...

As youre concerned on the health care mandate up for vote? >> well, i think that the health care, the affordable health care, or obama care is in a very, very good place. our job now is to get it messaged correctly. look at the headline coming out of new york today where theyre saying that across the board 50% reduction can be seen by those people who are purchasing insurance coverage in new york. in fact, they laid out an example of a person whose monthly payment is around $1,000 a month. some ...

Because one of the parts of the affordable care act that nobody talks about is 80% is being put-back into benefits for people or reimburse them for their premiums. so a lot of people are getting rebates that they would not have gotten otherwise. when i say a lot, im talking about millions of people are experiencing these rebates. so when you looked at the affordable care act, the more people, they experience it, the more they love it. what weve got to do is get people to understand exactly why y...

Have multiple choice, pick a defined amount they will allow each employer -- employee to use and purchase whatever they want. they can hold their costs where they determine they want to hold it. >> okay. finally, i wanted to ask you about one last thing, which is the rebate. insurance companies if they didnt spend 80% of the premiums on medical care, they have to send that money back to people. should a lot of small businesses be expecting a rebate this year? >> not this year. because theyve adj...

The younger people are going to see the greatest rate increases. however to the point of the small business, they are probably going to -- when you have multiple choice, pick a defined amount. they will allow each employee to use and purchase whatever they want. they can hold their cost where they want to. >> one last thing which is a rebate. so under the affordable care act, insurance companies, if they didnt spend 80% of the premiums on medical care, they have to send that money back to people...

Their parents health care plans, which has already helped six million americans including six million young latino americans. cost controls like requiring insurance companies to spend at least 80% of the money that you pay in premiums in your actual health care costs as opposed to administrative costs or ceo pay. not overhead, but that money has to be spent on you. and if they dont meet that target, they actually have to reimburse you. so in california were already getting reports that insurers ...

Welcome back to "hardball." during president obamas visit to california today, he wound up bombarded with questions about nsa surveillance, but the intent of his trip was to extol the virtues of obama care, a name hes embraced, by the way, which goes into effect in less than seven months and which polls show is not popular with voters. the president tried to drown out the political noise with some facts about the benefits of the health care law. here he is. >> so the bottom line is you can liste...