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Insurers issuing new round of rebates must credit Obamacare

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By Doug Powers  •  May 14, 2012 11:26 AM

**Written by Doug Powers

That super-expensive health care law is paying out already. With the election less than six months away, the Obama administration wants you to know that they passed it, and now we’re finding out what’s in it: cash money!

The Department of Health and Human Services is now instructing insurers to make something clear in the first paragraph of customer premium rebates explanations: “This letter is to inform you that you will receive a rebate of a portion of your health insurance premiums. This rebate is required by the Affordable Care Act — the health reform law”:

The move is the latest sign the Obama administration is trying to draw attention to the law’s benefits before the fall elections, even though the law faces an uncertain future. The Supreme Court is expected to decide in June whether its central plank-a mandate that everyone carry insurance-violates the Constitution. Mitt Romney, the presumed Republican presidential nominee, has pledged to wipe out the law if elected.

Under the 2010 legislation, insurers that don’t spend a specified amount of revenue on actual medical care — as opposed to administrative costs — must refund the difference to customers. The nonpartisan Kaiser Family Foundation has projected refunds would total about $1.3 billion and go to roughly 16 million people who buy their own policies or get them through an employer.

Kaiser estimates checks would range from an average of $72 for those with insurance through a large employer to an average of $127 for those who bought individual policies.

Too bad they’re not quite as gung ho to assign credit when they’re extracting money from us:

–“This huge tax bill is brought to you in part by the stimulus, proud parent program of Solyndra.”

–“Your children and great-grandchildren are hereby presented with the tab for their share of the $16 trillion debt courtesy of government entitlement programs.”

–“Additional sales tax on this item due to extreme cost over-runs on construction of the ‘Train to Nowhere.'”

–“This $695 fine brought to you by Obamacare™.”

Some things we’ll never see…

**Written by Doug Powers

Twitter @ThePowersThatBe

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