12.8 million

On June 22, 2012, in Site News, by Obama Watcher

Before the Affordable Care Act, insurance companies could spend as much as 40 percent of your premium on administrative costs and overhead.

That’s changed thanks to Obamacare’s 80/20 rule: If your insurance company spends less than 80 percent of your premium on your health care, you get a rebate check. And this summer, 12.8 million Americans will start receiving those checks in the mail.

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