If Insurance companies want to be a part of Obamacare they must agree to -
“Under the law, insurers must spend 80% of premiums from individuals and small businesses, and 85% of those from large employers, on health-care claims and quality improvement efforts. The rest can go toward other things, including administrative expenses and profits.”
They are NOT forced to, but if they want to participate they MUST follow the rules.
“Health insurers will have to rebate about $1.3 billion to consumers and employers this summer, “
Here are the Cheaters -
The Goldman analysis found that this year
AET -8.94% will pay out around $177 million in rebates on eligible premium revenues that totaled $11 billion.
UNH -0.85% Group Inc. will owe about $307 million on $28.8 billion in eligible premiums, and
Now, someone, tell me Obamacare is NOT a good thing.
Ken Jarvis - LVKen7@Gmail.com Author of - The Most POWERFUL Person, in the HISTORY OF THE WORLD. On Facebook - On Twitter