DeLauro Announces CT Residents Will Receive $5.6 Million in Insurance Rebates This Summer
WASHINGTON, D.C. – Today, Congresswoman Rosa DeLauro (CT-3)announced that 47,593 Connecticut residents will receive a grand total of$5,647,013 in rebates from insurance companies this summer thanks to thelandmark Affordable Care Act. That averages out to $168 per family.
"This news will be welcomed by tens of thousands of Connecticutresidents struggling with the high costs of health insurance. This is one of mymany reasons why my vote for the Affordable Care Act was one of the proudest ofmy career. The Affordable Care Act is providing consumers better value fortheir premium dollars and ensuring that more of the money they pay every monthto insurance companies goes toward patient care. I look forward to seeing evenmore Connecticut residents benefit from this law in the coming years."
This Tuesday at 7:30 p.m. DeLauro will be hosting a "HealthCare Hangout" on Google Plus to talk about implementation of the AffordableCare Act. She will be joined by Ron Pollack, Executive Director of FamiliesUSA. You can watch the hangout here.Questions can be sent to AskRosaDeLauro@gmail.com,submitted via Twitter by using #askrosa, or left on her Facebook page.Some questions will be answered Tuesday and responses to more posted onDeLauro's YouTube channelafter the event.
Created through the Affordable Care Act, the "80/20" rulerequires insurers to spend at least 80 cents of every premium dollar on patientcare and quality improvement. If they spend a higher amount on otherexpenses like profits and red tape, they owe rebates back to consumers. As a result, the report from the Department of Health and Human Services foundthat, compared to 2011, insurance companies devoted a greater portion ofpremium dollars to patient care and less to expenses like profits and red tape –in order to comply with the law's requirement. In short, the data in thereport show that the law has motivated many plans to lower prices or improvetheir coverage to meet the new standard.