The checks are in the mail: Obama to announce health insurance rebates for 8.5 million Americans | National News | The State
The Obama administration is pushing back against the Affordable Care Act naysayers.
One
day after House Republicans passed legislation to delay enforcement of
the health care law's individual mandate, President Obama will take to
the airwaves to announce that checks are in the mail for 8.5 million
Americans who'll split more than $504 million in rebates from their
heath insurance company, thanks to a provision of the health law that
penalizes insurers for wasteful spending.
Families on the
receiving end of those rebates will get checks averaging $100. A few
will of them will be on hand today when President Obama touts the
success of the ACA's 80/20 rule that requires insurance companies to
spend at least 80 percent of their premium dollars on medical care or
quality improvements and no more than 20 percent on administrative costs
and overhead.
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