Over the past few years, many Americans have seen their health insurance premiums skyrocket, while the quality of their health care declined. One of the reasons I pushed so hard to pass health care reform this year was to make sure that American consumers get what they pay for when it comes to their health care. Today, we're launching a new provision of the Affordable Care Act that does exactly that. Next year, insurance companies will be required to spend at least 80 percent of the health insurance premiums you pay on your health care, instead of overhead costs like advertising and executive compensation. If they don't, they will be required to give you a rebate or cut your premiums starting in 2012. I asked Nancy-Ann DeParle, the Director of the Office of Health Reform here at the White House, to break down what this means for you and why it's so important: This new rules will make our health care marketplace more transparent and ensure you get the best value for your premium dollars. And it is just one of the many parts of the Affordable Care Act that are already making our health care system stronger. Here are just a few ways the Affordable Care Act is helping you and your family:
Sincerely, President Barack Obama P.S. Nancy-Ann's video follows a few others from the Chairman of the Council of Economic Advisers, Austan Goolsbee, who explains some important economic policies. You can see them all here: http://www.whitehouse.gov/ |
NORTON META TAG
03 December 2010
Your Health Care Dollars 3DEZ10
HERE'S an update on the Affordable Care Act (health care reform bill passed earlier this year), enactment of the provision starting in 2011 requiring insurance companies to spend 80% of insurance premiums on health care not on overhead or executive compensation, and if they don't do it they have to pay out rebates starting in 2012. This is what the gop and tea-baggers oppose.......I wonder why????? GREED?????
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