Want more bang for your buck? Well, here you go: The check is in the mail, thanks to President Obama’s Affordable Care Act. 12.8 million Americans will get rebates averaging $151 per household. Unless….
Unless the Supreme Court overturns the law.
Millions of consumers and businesses will receive $1.1 billion in rebates this summer from health insurance plans that failed to meet a requirement of the new health-care law, according to the Health and Human Services Department.
That Affordable Care Act rule requires insurance companies to spend at least 80 percent of subscriber premiums on health-care claims and quality improvement initiatives. The other 20 percent is left for administrative costs and profits.
Health insurance plans that don’t hit that threshold will send a rebate to consumers to cover the difference.
Damn that Obamacare helping Americans like that!