If Mandate Is A Tax, It Could Be The First Tax That Saves Consumers Money

That’s what a report out a short time ago shows about the Affordable Care Act.

• An average annual savings of $280 in annual out-of-pocket spending for medical care and drugs,
• Average out-of-pocket savings of $589 for those 55-64 and $535 for those 26-64 with low incomes, respectively, and
• Near elimination of out-of-pocket expenses over $6,000 for all adults and a reduced likelihood of those expenses over $4,000….
• Getting rid of lifetime limits and phasing out annual dollar limits on most benefits,
• Setting a minimum medical loss ratio or 80/20 rule for insurers, generally requiring rebates if less than 80 percent of premiums are spent on health care and quality, and
• Lowering out-of-pocket spending limits even further for low-income Americans.

By: Alan

Alan Colmes is the publisher of Liberaland.