Congresswoman Carol Shea-Porter welcomed news from the U.S. Department of Health and Human Services that 15,407 New Hampshire residents will benefit from $1,171,335 in rebates from insurance companies this summer, averaging $147 per family, thanks to the Affordable Care Act.
The HHS report noted that provisions of the Affordable Care Act saved consumers $3.9 billion nationally on premiums in 2012 due to the Medical Loss Ratio, or "80/20 rule', in the Affordable Care Act. This rule requires insurers to spend at least 80 cents of every dollar in premiums on patient care and quality improvement. If they spend a higher amount on other expenses like red tape or bonuses, they owe rebates back to consumers.
"This is extremely promising news," Shea-Porter said. "The Affordable Care Act is helping increase quality of care and decrease costs in a simple, straightforward way."
Today marks 98 days until enrollment opens for the New Hampshire Insurance Marketplace on October 1st. Yesterday, the U.S. Department of Health and Human Services announced that a new consumer-focused www.HealthCare.gov website and a 24-hours-a-day toll-free call center have been launched. The website and new toll-free call center, 1-800-318-2596, are designed to help Americans who are looking for health coverage prepare for open enrollment and ultimately sign up for private health insurance.