News Headlines Article

Good News: Americans Saved Billions Thanks to the Affordable Care Act – And Medical Loss Rebates Are On the Way
The White House Blog

According to a new report, Americans buying individual market health insurance saved $1.2 billion in 2011 and $2.1 billion in 2012 because law has begun to hold insurance companies accountable. Under the Affordable Care Act, insurance companies are required to spend 80 to 85 percent of premium dollars on medical care and health care quality improvement, rather than on administrative costs.