The Obama administration said Tuesday that consumers have saved billions on premiums because of the Patient Protection and Affordable Care Act.

According to a Department of Health and Human Services report, the law's savings equal $2.1 billion.

New rate review rules have saved consumers about $1 billion while the law's medical loss ratio rule—which is delivering rebates to some 13 million consumers—is responsible for saving another $1.1 billion, the HHS says.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.