Health Care Consumers Won One Today

That would be the provision of the new health law, called the medical loss ratio, that requires health insurance companies to spend 80% of the consumers’ premium dollars they collect—85% for large group insurers—on actual medical care rather than overhead, marketing expenses and profit. Failure on the part of insurers to meet this requirement will result in the insurers having to send their customers a rebate check representing the amount in which they underspend on actual medical care.

This is the true ‘Consumer Advantage ’ contained in Obamacare and the one item that will have more impact on the future of how medical care is paid for in this country than anything we’ve seen in quite some time.  This law will end the "For Profit on Death and Dying" that has plagued the consumers in this country for over 100 years. 


Today, that bomb goes off.