(Reuters) – U.S. health insurers will send out about $330 million in rebates to employers and individuals this summer under President Barack Obama’s healthcare law, the U.S. Department of Health and Human Services said on Thursday. [...]
The rebates will go to about 6.8 million people and have a value of about $80 per family. They are to be sent by Aug. 1 either directly to consumers or to the employer providing the health coverage, who is required to pass the savings onto employees, the agency said in a report.
Under the Affordable Care Act insurers are required to spend at least 80 percent of your premium on providing medical care. If they don’t, they owe you a rebate.
It’s Obama’s dystopian America where health insurers send you money. How can we be expected to live like this?