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.

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