Regulation works: Rebates “could hamper efforts by some congressional Republicans to repeal” Affordable Care Act

I hate to burst the GOP’s bubble (kidding, I don’t), but at least here on the west coast, Californians will get millions of dollars in credits on their health insurance premiums… thanks to “Obamacare” and– dun dun dun-n-n!– regulations! Per the L.A. Times, other insurers could follow:

Blue Shield of California says it will give customers in the state a $283-million credit on their insurance premiums, saying it is fulfilling a promise to return money to policyholders when its net income exceeds 2% of revenue. [...]

Under [President Obama's Affordable Care Act] regulations, insurers must spend at least 80% of consumer premiums on medical care and not reserve that income for administrative costs or profit.

That could mean rebates in the billions of dollars — which some say could hamper efforts by some congressional Republicans to repeal the measure.

Already, people are getting free vaccinations, cancer screenings, mammograms and colonoscopies. Adult children can remain on their parents’ insurance plans until age 26. And policyholders no longer have to contend with limits on the dollar value of their insurance policies.

Single payer is still the way to go, and the current health care plan clearly benefits Big Insurance, but it is an improvement, and Americans are seeing results. By 2014, there will be more evidence that it’s working, which of course, is why the GOP presidential candidates are screaming “Repeal! Repeal! Repeal!”

  • http://twitter.com/JPJABBER JUDI POWELL

    Sorta of off topic…..but I just watched a program (on HGTV not FOX ;-) ) where a doctor in KY was selling his current house and farm (beautiful) …to take his family of 6 kids to New Zealand to work for the NHS there.

    I thought all doctors would quit practicing if we had a single-payer or NHS here in the sates????????

  • HarborGuy

    And it is amazing to see a small article, every few weeks how businesses across America are indeed gearing up for this. Of course, now I can’t remember how many I’ve noticed…one was about the drug store chains (plus Target, Walmart, Kmart), scrambling to set up those in store clinics, because there will be MILLIONS getting insured and how doctor offices and groups don’t seem to be doing anything to get ready…The retail companies see a HUGE opening to gain customers and make money. Duh.

    Lots of action is going on…and how much would a repeal cost Americans and American companies? Think about it Thugs and GOPBaggers…think very, very carefully.