Obamacare holds health insurance companies accountable
June 22, 2012
The Virginian-Pilot reports, "More than 375,000 Virginia families can expect to receive rebates averaging $115 from their insurance companies in the next few weeks, federal officials announced Thursday. The rebates are the first to come from a provision of the Affordable Care Act that requires insurers to spend at least 80 percent of premium dollars on medical care and efforts to improve the quality of health care."
Progressive Point: As health care reform continues to take effect, new benefits are being felt by Virginia families. Holding the health care industry accountable means Virginia families get rebates for excessive premiums that weren't spent on health care, ensuring the industry is providing a better value to customers.
Thanks to health care reform, Virginians are seeing a real difference in their lives. We now get the same quality health care choices that Members of Congress have and small businesses get more freedom. Reform means insurance companies can't charge women higher rates than men or deny coverage because of pre-existing conditions. The new law means you can stay on your parents' insurance until you're 26 and lowers prescription costs for Virginia's seniors. Thanks to Obamacare, more Virginians have access to health care and have taken back control of their health care decisions from insurance company CEOs. And today, holding health insurance companies accountable to us is another huge step forward.
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