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Thursday, July 25, 2013

Think "Obamacare" isn't for you and me?

Think again:

Report: Obamacare's '80/20' rule has led to nearly $4 billion in savings

From that same report:

While "Obamacare" is controversial, a new report shows that it has saved consumers billions of dollars.According to the Centers for Medicare and Medicaid Services, the new "80/20" rule, which requires insurers to spend 80 percent of every dollar earned on medical services, helped saved American consumers $3.9 billion in 2012.
The savings were divided into two areas. About $3.4 billion was saved by insurers keeping their premiums lower in order to comply with the new law and $500 million came in the form of rebates being sent back to consumers who overpaid for their premiums. The total cost wasn't solely the result of the "80/20" rule, but it was the leading cause of premiums being kept at a lower level.
I won't, I can't add anything further to that except to say it's for us. The Affordable Care Act--Obamacare--is for us, not the corporations. 
That and the fact that, if you're against it, you'd better be wealthy and/or in the health care industry and extremely well-paid already.

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