Liberal Forum

bingster » 31 Dec 2013 11:21 am » wrote:
The administration does advertise it you troll. Remember you guys trying to debunk it? He said millions of checks would be issued back to customers this year? He's said it over and over. The law says if the insurance company doesn't spend at least 80% of your premiums on your health care, you will get a check. STFU on your lying talking points regarding paying for something you don't need, because you don't!

That is not what I am talking about. And it is not on an individual basis. Additionally, that has always been the law in all states. You and I had this discussion on the other forum. I posted for you the law that say an Insurance company must spend a certain amount of its premiums paying claims. Not per person. It ranged from 60 to 75% of it total premiums collected. The new law bumped that to 80-85%. It is called the MLR, the medical loss ratio.

I suggest you educate yourself on these subjects prior to making a bigger *** of yourself than you already are. No, we are not getting checks if we do not use those services.

You really make me laugh. Some of the stuff you post is priceless.

Educate yourself:


Many insurance companies spend a substantial portion of consumers’ premium dollars on administrative costs and profits, including executive salaries, overhead, and marketing.
The Affordable Care Act requires health insurance issuers to submit data on the proportion of premium revenues spent on clinical services and quality improvement, also known as the Medical Loss Ratio (MLR). It also requires them to issue rebates to enrollees if this percentage does not meet minimum standards. MLR requires insurance companies to spend at least 80% or 85% of premium dollars on medical care, with the review provisions imposing tighter limits on health insurance rate increases. If they fail to meet these standards, the insurance companies will be required to provide a rebate to their customers starting in 2012.

http://www.cms.gov/CCIIO/Programs-and-Initiatives/Health-Insurance-Market-Reforms/Medical-Loss-Ratio.html