So, with all the large rate increases that everyone complained about, the companies actually priced things pretty spot on, and therefore MLR rebates will be 50% less than what they were in 2011. But, rate increases would have been higher if it were not for Obamacare.
IN AZ, it will be an AVERAGE of $51 per family or $30 per person. So, on my $6000/year premium, it equates to .0085% or about 1 month of my rate increase for the past year.
And admin costs were reduced .7% because of the law, I wonder who got laid off, or commissions cut? I'm sure they love the MLR
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http://www.cms.gov/CCIIO/Resources/Data-Resources/Downloads/2012-mlr-rebates-by-state-and-market.pdf
HHS: MLR rebate total to fall sharply | LifeHealthPro
U.S. insurers are on track to pay a total of $504 million in rebates to 8.5 million enrollees, down from $1.1 billion to 13 million enrollees in 2011.
The average size of a rebate will fall to $59, from $85.
The rebate total fell the most in the large-group market -- to $109 million, from $403 million.
The total fell to $192 million, from $399 million, in the individual market, and to $203 million, from $290 million in the small-group market.
The share of premium revenue going to what HHS classifies as administrative overhead costs fell to 9.1 percent in 2012, from 9.4 percent in 2011, officials said.
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I found where all the libs hang out, gotta read the comments on this article:
Health Insurance Rebates Sending $500 Million Back To Consumers, Federal Report Says
IN AZ, it will be an AVERAGE of $51 per family or $30 per person. So, on my $6000/year premium, it equates to .0085% or about 1 month of my rate increase for the past year.
And admin costs were reduced .7% because of the law, I wonder who got laid off, or commissions cut? I'm sure they love the MLR
-----------------------
http://www.cms.gov/CCIIO/Resources/Data-Resources/Downloads/2012-mlr-rebates-by-state-and-market.pdf
HHS: MLR rebate total to fall sharply | LifeHealthPro
U.S. insurers are on track to pay a total of $504 million in rebates to 8.5 million enrollees, down from $1.1 billion to 13 million enrollees in 2011.
The average size of a rebate will fall to $59, from $85.
The rebate total fell the most in the large-group market -- to $109 million, from $403 million.
The total fell to $192 million, from $399 million, in the individual market, and to $203 million, from $290 million in the small-group market.
The share of premium revenue going to what HHS classifies as administrative overhead costs fell to 9.1 percent in 2012, from 9.4 percent in 2011, officials said.
-------------
I found where all the libs hang out, gotta read the comments on this article:
Health Insurance Rebates Sending $500 Million Back To Consumers, Federal Report Says
