Obama Talks Up Health Care Law's Rebates
Posted at: 07/18/2013 12:02 PM
WASHINGTON (AP) - President Barack Obama says his health care law is working and cutting costs for consumers, despite what the law's Republican critics say.
At the White House Thursday, Obama emphasized half a billion dollars in rebates going to nearly 9 million people under a provision of the law he says is holding insurance companies accountable.
Insurers must spend at least 80 cents of every dollar on medical care or quality improvement, or refund the difference. That's the $500 million consumers are getting in rebates averaging about $100.
Obama pitched the plan a day after the Republican-controlled House voted to delay two key provisions.
Senate Republican leader Mitch McConnell says free money sounds great but won't remove the sting of new health care taxes that will begin costing consumers next year.
Online: Average refund by state
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