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.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
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.