Health Law Rule Saves Consumers $3.9 Billion in Premiums
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Consumers avoided $3.9 billion in health insurance premium increases in 2012 partly because of the U.S. Affordable Care Act’s limits on what UnitedHealth Group Inc., Aetna Inc. and other coverage plans can charge, the government said.
About $500 million in excess premiums will be rebated to 8.5 million people this year, while the rest of money is reflected as “upfront value” in the plans, the Health and Human Services Department said today in a statement. Last year’s savings are more than triple the $1.1 billion from 2011.