Posts Tagged ‘rebates

17
Jul
12

Coming up

12:30: The President arrives in San Antonio, Texas

2:0: Delivers remarks at a campaign event at The Henry B Gonzalez Convention Center, San Antonio (Live coverage)

3:30: Delivers remarks at a campaign event (Private Residence)

4:50: Departs San Antonio

5:25: Arrives Austin, Texas

6:50: Delivers remarks at a campaign event at Austin Music Hall, Austin, Texas (Live coverage)

8:55: Delivers remarks at a campaign event (Private Residence)

10:10: Departs Austin

1:05 AM: Arrives Joint Base Andrews

1:20 AM: Arrives the White House

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Steve Benen: Quite a few Americans are going to go to their mailbox this week and next, open it, and find something unexpected: a check from their insurance company. It’s another side benefit from the Affordable Care Act that most Americans mistakenly thinks they don’t like:

When Laird Le found a check for $70.02 in the mail, he wasn’t quite sure why. Turns out, he’s one of the estimated 13 million Americans that will receive a rebate on their health insurance premiums as a result of the health care reform law recently upheld by the Supreme Court…..

…. “Obamacare” has an 80/20 rule, which requires insurance companies to spend roughly 80% of all premiums on actual health benefits, rather than company overhead (marketing, lobbying, executive salaries, etc.). When an insurer spends less than 80% on health care for its customers, the company is required to send the customer a check for the difference.

How many checks are we talking about? According to the Kaiser Family Foundation, nearly 16 million Americans will get rebates before the legal due date, which is Aug. 1…. when they realize it’s because of Obamacare, maybe the law will start to look a little better in those consumers’ eyes….

Full post here

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TPM: President Obama over the past week has hammered away at Mitt Romney’s business record. It’s like he’s “hellbent on making the word ‘Bain’ synonymous with a source of harm or ruin,” Stephen Colbert said on Monday. Over the weekend, the Obama campaign released a blistering new ad, mocking Romney’s rendition of “America the Beautiful” with a series of scathing headlines. “Mitt was originally on key,” Colbert said. “But he outsourced many of those notes to India.”

….. Romney adviser Ed Gillespie tried to clear the whole thing up on Sunday, saying Romney retired from Bain capital “retroactively.” What a novel idea, Colbert thought. “So he wasn’t responsible for firing all of those people whose jobs were outsourced. He was responsible for retroactively not hiring them.”

Video at link

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Cincinnati, July 16 (Photos by Christopher Dilts for Obama for America)

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Morning/afternoon/evening everyone ;-)




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