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Health Care Law Saves Californians $283 Million

California Blue Shield customers are getting a $283 million credit on their bills thanks to the ACA:

Although Thursday’s action affects only nearly 2 million of Blue Shield’s policyholders in California, other consumers could be getting similar paybacks under President Obama’s healthcare overhaul approved last year.

Under the regulations, insurers must spend at least 80% of consumer premiums on medical care and not reserve that income for administrative costs or profit. (Emphasis mine)

Now tell me again about the great selling out of our health care to corporations. The bad news: Californians saved Blue Cross money by delaying care. This money can’t get into the state economy soon enough.

Socialize this!