Heath care reform is paying off for VA families
August 7, 2012
The Roanoke Times reports, "Health insurers owed Virginians slightly more than $43 million in rebates as part of the federal health care law. Nearly 687,000 Virginians have received rebates on average of $115 from insurance companies because of a provision in the Affordable Care Act requiring at least 80 percent of premiums be spent on medical care as opposed to administrative costs."
Progressive Point: Health care reform is putting money in the pockets of hundreds of thousands of Virginians this week. Before the President's health reform, insurance premiums for Virginia families were skyrocketing. But now, the Affordable Care Act promotes better value through preventive and coordinated care, and now it is eliminating waste and abuses. Today it is helping hold insurance companies accountable and putting money back in our pockets.
Health care reform is already making health care more affordable and accountable for 250 million Americans and now almost 700,000 Virginians are receiving rebates. Insurance companies can't rip us off any more and people with pre-existing conditions are guaranteed coverage. Today we're moving forward with health care reform, we're increasing access and affordability, and we're making our health care system better for everyone.
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