The Patient Protection Act Is About To Put $1.3 BILLION Back In Consumers' Pockets

rainingmoney.jpgWe aren't exactly out of "the fog of controversy" that then-Speaker Nancy Pelosi said we'd have to be out of before we could see the benefits of the Patient Protection and Affordable Care Act, but we're about to see just how right she was. ... to the tune of $1.3 billion that will go back into healthcare consumers' pockets because of the 80/20 rule written into the law. That's $1.3 billion that can be used to save people's homes. $1.3 billion that can help put food on empty tables. $1.3 billion that can put gas in people's cars so they can get to job interviews, that can buy clothes for kids who've outgrown them, that can purchase much-needed school supplies, that can be set aside for retirement.

That's $1.3 billion that will be going back into our economy, helping lift us further out of the recession we've barely been scraping our way out of. It's $1.3 billion that was supposed to be used on patient health care ... and wasn't!

That's your money. That's our money. And the corporate stewards of that money—the insurance companies who were charged with the responsibility of spending it on our health care—tried to keep that money for themselves.

So while Republican leaders try desperately to convince the American public that unelected corporations are better at managing our money than we, the people, through the government we elect are, our Democratic elected representatives went to work for us and not insurance companies.

As Health and Human Services Secretary Kathleen Sebelius explains on Healthcare.gov:

"When we pay for health insurance, we want to know that most of what we are paying for is for health care, not advertising, executive bonuses or overhead. It’s pretty simple: we want to get a good value for our premium dollars.

Thanks to a new rule (the “80/20 rule”) in the Affordable Care Act, you can be sure that insurance companies are spending generally at least 80 cents of every dollar you pay in premiums on your health care or activities that improve health care quality. If the insurance company fails to meet this standard, or the “medical loss ratio”, in any year, they have to pay you a rebate."

But the benefits to the economy aren't limited to the $1.3 billion expected to be returned to nearly 16 million Americans and their families. Some insurance companies used the Patient Protection Act's provision to do right by their customers from the start. Again from Healthcare.gov:

"For example, one insurer in West Virginia improved its medical loss ratio by lowering premiums by an average of $2,500 for 4,200 small businesses, cutting their premiums to give consumers welcome cost relief.  This is one of the ways the 80/20 rule is bringing value to consumers for their health care dollars."

When it costs senior couples nearly a quarter of a million dollars out-of-pocket for their healthcare costs, even when they have Medicare coverage, we need a system of "Checks and Balances" on those who wish to profit from the health care industry. Lee Adler of The Wall Street Examiner cares for his 90-year-old mother who suffers from alzheimer's disease.

"[$240,000] is enough to be ruinous for many Americans. This country is insane. We spend 19 percent of GDP on the medical business while no other civilized nation spends more than 10-11 percent and they all get better statistical outcomes. Doctors and medical labs and clinics are paid twice as much here as anywhere else in the world. Carpetbagging providers pull up stakes in their homelands to come to the U.S. and profiteer because the pickings are so juicy. Meanwhile 40 million Americans don’t have access to affordable medical services. People die or face financial ruin because of this insane system. American business is less competitive in the world market because of it. This must stop. The playing field must be leveled in all respects."

Requiring at least 80 percent of our health care premiums to be used on actual health care is a step in the right direction. Perhaps when people start getting their letters from their insurance companies in the mail, along with their rebate checks or lowered premiums, the "fog of controversy" will lift just a little bit more, and now that the bill has been passed, it will be better supported by those who are benefiting from its provisions.

Please:

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@JonUPS_ tweeted link to this page. 2012-10-03 22:41:17 -0700
The Patient Protection Act Is About To Put $1.3 BILLION Back In Consumers' Pockets http://t.co/grHbnqqt via @sharethis
@B_D_Frazier tweeted link to this page. 2012-07-07 08:07:28 -0700
The Patient Protection Act Is About To Put $1.3 BILLION Back In Consumers' Pockets http://t.co/sdQwQkKb #4jobs #2futures #youcut #p2 #tcot
@laserhaas01 tweeted link to this page. 2012-07-07 07:51:06 -0700
The Patient Protection Act Is About To Put $1.3 BILLION Back In Consumers' Pockets http://t.co/sdQwQkKb #4jobs #2futures #youcut #p2 #tcot
@DanCas2 tweeted link to this page. 2012-07-07 07:50:33 -0700
The Patient Protection Act Is About To Put $1.3 BILLION Back In Consumers' Pockets http://t.co/sdQwQkKb #4jobs #2futures #youcut #p2 #tcot
@FoL2009 tweeted link to this page. 2012-07-07 07:48:11 -0700
The Patient Protection Act Is About To Put $1.3 BILLION Back In Consumers' Pockets http://t.co/sdQwQkKb #4jobs #2futures #youcut #p2 #tcot
@surfdlc tweeted link to this page. 2012-07-07 07:41:41 -0700
The Patient Protection Act Is About To Put $1.3 BILLION Back In Consumers' Pockets http://t.co/sdQwQkKb #4jobs #2futures #youcut #p2 #tcot
@BlueDuPage tweeted link to this page. 2012-07-07 07:40:58 -0700
The Patient Protection Act Is About To Put $1.3 BILLION Back In Consumers' Pockets http://t.co/sdQwQkKb #4jobs #2futures #youcut #p2 #tcot
@Kalasa27 retweeted @jillwklausen 2012-06-28 10:59:34 -0700
.@karoli Boehner's also dead wrong abt PPA raising costs. PPA About To Put $1.3 BILLION Back In Consumers' Pockets http://t.co/Tin5o3CL
@advoc8tr retweeted @jillwklausen 2012-06-28 10:57:21 -0700
The Patient Protection Act Is About To Put $1.3 BILLION Back In Consumers' Pockets http://t.co/Tin5o3CL via @winningwordspro
@lafloran retweeted @jillwklausen 2012-06-28 10:53:32 -0700
The Patient Protection Act Is About To Put $1.3 BILLION Back In Consumers' Pockets http://t.co/Tin5o3CL via @winningwordspro
@lafloran retweeted @jillwklausen 2012-06-28 10:52:54 -0700
.@karoli Boehner's also dead wrong abt PPA raising costs. PPA About To Put $1.3 BILLION Back In Consumers' Pockets http://t.co/Tin5o3CL
@tildology retweeted @jillwklausen 2012-06-28 10:48:02 -0700
The Patient Protection Act Is About To Put $1.3 BILLION Back In Consumers' Pockets http://t.co/Tin5o3CL via @winningwordspro
@FlowerInFaith retweeted @jillwklausen 2012-06-28 10:47:05 -0700
.@karoli Boehner's also dead wrong abt PPA raising costs. PPA About To Put $1.3 BILLION Back In Consumers' Pockets http://t.co/Tin5o3CL
@FlowerInFaith retweeted @jillwklausen 2012-06-28 10:46:55 -0700
The Patient Protection Act Is About To Put $1.3 BILLION Back In Consumers' Pockets http://t.co/Tin5o3CL via @winningwordspro
@sjcarl retweeted @jillwklausen 2012-06-28 10:42:53 -0700
The Patient Protection Act Is About To Put $1.3 BILLION Back In Consumers' Pockets http://t.co/Tin5o3CL via @winningwordspro
@MTATL67 retweeted @jillwklausen 2012-06-28 10:42:25 -0700
The Patient Protection Act Is About To Put $1.3 BILLION Back In Consumers' Pockets http://t.co/Tin5o3CL via @winningwordspro
@GrandmaWat retweeted @jillwklausen 2012-06-28 10:39:12 -0700
The Patient Protection Act Is About To Put $1.3 BILLION Back In Consumers' Pockets http://t.co/Tin5o3CL via @winningwordspro
@cheeriogrrrl retweeted @jillwklausen 2012-06-28 10:33:38 -0700
The Patient Protection Act Is About To Put $1.3 BILLION Back In Consumers' Pockets http://t.co/Tin5o3CL via @winningwordspro
commented 2012-06-10 11:15:59 -0700 · Flag
Thanks for your comment, Ray!

The rebates are already happening with many insurance carriers. It’s the ones that have not been complying that will have to send these letters out to their insureds. We’re expecting the SC ruling on the Patient Protection Act sometime this month. The letters would have to go out in September, I believe.
commented 2012-06-10 11:01:02 -0700 · Flag
The question is whether John Roberts and his Court of Thieves will surrender their decision before the rebates or after. If the decision rules the Affordable Care Act unconstitutional, will Roberts allow the Insurance Companies to keep their patients rebates?
@PatsyRoussel tweeted link to this page. 2012-05-22 00:27:52 -0700
The Patient Protection Act Is About To Put $1.3 BILLION Back In Consumers' Pockets - The Winning Words Project http://t.co/nUymzLX2
@KaJo503 tweeted link to this page. 2012-05-19 20:48:35 -0700
.@wegoted Ask @speakerboehner how he'll explain stealing over $1.3BN from ppl whose Ins Cos didn't use premiums 4 care http://t.co/Tin9VDLV
@bbkenn92 retweeted @jillwklausen 2012-05-19 11:49:08 -0700
.@samsteinhp I'd love to hear @speakerboehner explain to Americans why he's ok w/stealing $1.3BN out of their pockets http://t.co/Tin9VDLV
@bbkenn92 retweeted @jillwklausen 2012-05-19 11:48:16 -0700
.@wegoted Ask @speakerboehner how he'll explain stealing over $1.3BN from ppl whose Ins Cos didn't use premiums 4 care http://t.co/Tin9VDLV
@DrIanInc retweeted @jillwklausen 2012-05-19 09:11:42 -0700
.@wegoted Ask @speakerboehner how he'll explain stealing over $1.3BN from ppl whose Ins Cos didn't use premiums 4 care http://t.co/Tin9VDLV
@OMNiSCIENCE1 retweeted @jillwklausen 2012-05-18 18:42:48 -0700
.@samsteinhp I'd love to hear @speakerboehner explain to Americans why he's ok w/stealing $1.3BN out of their pockets http://t.co/Tin9VDLV
@adbridgeforth retweeted @jillwklausen 2012-05-18 18:37:55 -0700
.@samsteinhp I'd love to hear @speakerboehner explain to Americans why he's ok w/stealing $1.3BN out of their pockets http://t.co/Tin9VDLV
@Suma4720 retweeted @jillwklausen 2012-05-18 18:10:13 -0700
.@samsteinhp I'd love to hear @speakerboehner explain to Americans why he's ok w/stealing $1.3BN out of their pockets http://t.co/Tin9VDLV
@Meouse retweeted @jillwklausen 2012-05-18 17:43:20 -0700
.@wegoted Ask @speakerboehner how he'll explain stealing over $1.3BN from ppl whose Ins Cos didn't use premiums 4 care http://t.co/Tin9VDLV
@txmattie retweeted @jillwklausen 2012-05-18 17:38:56 -0700
.@samsteinhp I'd love to hear @speakerboehner explain to Americans why he's ok w/stealing $1.3BN out of their pockets http://t.co/Tin9VDLV
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