Still don't support this Affordable Care Act? "Obamacare"?
Then read on:
Affordable Care Act means $1.1 billion insurance rebate
The nation’s health insurance companies will refund approximately $1.1 billion dollars to their customers this summer. It’s one of the new benefits of the health care reform law.
The U.S. Health and Human Services Department expects 12.8 million Americans to get some of this money – although in the majority of cases that refund will be sent to employers.
Under the Affordable Care Act, health insurance companies are required to disclose how much of your premium dollar they actually spend on health care and how much they spend on administration, such as salaries and marketing. In the past, consumers did not have a right to this information.
But here’s the real game-changer: The 80/20 rule. If the insurance company spends less than 80 percent of premiums on medical care it must rebate the excess. For large group plans (the kind provided by companies that employ 50 people or more), health insurance companies must spend 85 percent of the premiums on medical care.
“The 80/20 rule helps ensure consumers get fair value for their health care dollar,” Health and Human Services Secretary Kathleen Sebelius said in a statement.
So here's yet one more reason, as if we needed it, that we--the "working man and woman of America--should be for this sorely needed health care reform.
Heaven knows the health insurance companies have been gouging us on our premiums to them. Now, they have to give some of that back. Their little "money party" is, if not over, at least made less luxurious.
And we gain the benefits.
As I've said before, no, it's not perfect, far from it. But it was and is for us, as least in some big ways. This is just further, strong proof of that.
Link: http://bottomline.msnbc.msn.com/_news/2012/07/03/12525490-affordable-care-act-means-11-billion-insurance-rebate?chromedomain=leanforward&lite
Showing posts with label HHS Secretary Kathleen Sebelius. Show all posts
Showing posts with label HHS Secretary Kathleen Sebelius. Show all posts
Wednesday, July 4, 2012
Tuesday, January 24, 2012
HHS Secretary Kathleen Sibelius on the Affordable Care Act, Part 2
You might be surprised at how informative and so, important this interview is.
Thursday, December 8, 2011
A cartoon from Osawatamie and Secretary Sebelius
First this one, based on President Obama's big speech this week, from Osawatamie:
Secondly, this one, based on Health and Human Services Secretary and Kansan Kathleen Sebelius after she overturned the FDA's okay for a "Plan B" contraceptive pill without a prescription:
Proud of one--the first one--sad for the 2nd. So it goes.
Tuesday, April 27, 2010
We agree to pay a half-billion dollar fine but no, we deny any wrongdoing
Did you see this?
The federal government on Tuesday reached a $520 million settlement with pharmaceutical manufacturer AstraZeneca, resolving allegations of illegal marketing of the company's antipsychotic drug Seroquel.
At a news conference, Attorney General Eric Holder and Health and Human Services Secretary Kathleen Sebelius made the case a centerpiece of the federal government's crackdown on health care fraud.
AstraZeneca allegedly marketed Seroquel for off-label uses — those not approved by federal drug regulators — including insomnia and psychiatric conditions other than schizophrenia and bipolar disorder.
U.S. Attorney Michael Levy of Philadelphia, where the settlement was filed, said that the company had "turned patients into guinea pigs in an unsupervised drug test."
AstraZeneca, which has its U.S. headquarters in Wilmington, Del., faces more than 25,000 product liability lawsuits over Seroquel, with most alleging that the drug caused diabetes. Seroquel has been on the market since 1997.
The government said AstraZeneca paid kickbacks to doctors recruited to serve as authors of articles by Astra Zeneca and the company's agents about the unapproved uses of Seroquel.
The company also made payments to doctors to travel to resort locations to advise AstraZeneca about marketing messages for unapproved uses of the drug, the government stated.
AstraZeneca denied the allegations leveled by the government in the civil case settled Tuesday, saying it wanted to avoid the delay, uncertainty and expense of a protracted legal battle.
Right.
You, AstraZeneca, just paid more than a HALF BILLION DOLLARS to the Federal Government but you "deny any allegations..."
Right.
And Goldman Sachs is an honest, forthright company that didn't swindle the America people.
Got it.
Link to original story:
http://news.yahoo.com/s/ap/20100427/ap_on_bi_ge/us_doj_astrazeneca
The federal government on Tuesday reached a $520 million settlement with pharmaceutical manufacturer AstraZeneca, resolving allegations of illegal marketing of the company's antipsychotic drug Seroquel.
At a news conference, Attorney General Eric Holder and Health and Human Services Secretary Kathleen Sebelius made the case a centerpiece of the federal government's crackdown on health care fraud.
AstraZeneca allegedly marketed Seroquel for off-label uses — those not approved by federal drug regulators — including insomnia and psychiatric conditions other than schizophrenia and bipolar disorder.
U.S. Attorney Michael Levy of Philadelphia, where the settlement was filed, said that the company had "turned patients into guinea pigs in an unsupervised drug test."
AstraZeneca, which has its U.S. headquarters in Wilmington, Del., faces more than 25,000 product liability lawsuits over Seroquel, with most alleging that the drug caused diabetes. Seroquel has been on the market since 1997.
The government said AstraZeneca paid kickbacks to doctors recruited to serve as authors of articles by Astra Zeneca and the company's agents about the unapproved uses of Seroquel.
The company also made payments to doctors to travel to resort locations to advise AstraZeneca about marketing messages for unapproved uses of the drug, the government stated.
AstraZeneca denied the allegations leveled by the government in the civil case settled Tuesday, saying it wanted to avoid the delay, uncertainty and expense of a protracted legal battle.
Right.
You, AstraZeneca, just paid more than a HALF BILLION DOLLARS to the Federal Government but you "deny any allegations..."
Right.
And Goldman Sachs is an honest, forthright company that didn't swindle the America people.
Got it.
Link to original story:
http://news.yahoo.com/s/ap/20100427/ap_on_bi_ge/us_doj_astrazeneca
Wednesday, March 17, 2010
"Crunch time" on health care reform
We need this.
It's not arbitrary.
Our health care system is broken--and badly.
Millions, literally tens of millions of Americans don't have health care and more lose it, each day.
People die in America because they don't have and can't afford health care.
Further proof of our needs and the problems:
Patient's plea makes the best case for health care reform
Catholic nuns urge passage of Obama's health bill
It's the right thing to do.
We need it, as I said.
Now is the time.
Let's get this passed.
Please support health care reform.
It is patently not a "government takeover" of our health care system.
It's not arbitrary.
Our health care system is broken--and badly.
Millions, literally tens of millions of Americans don't have health care and more lose it, each day.
People die in America because they don't have and can't afford health care.
Further proof of our needs and the problems:
Patient's plea makes the best case for health care reform
Catholic nuns urge passage of Obama's health bill
It's the right thing to do.
We need it, as I said.
Now is the time.
Let's get this passed.
Please support health care reform.
It is patently not a "government takeover" of our health care system.
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