Cashing In On The ACA

This article in the Washington Post describes a small-business manager in Florida who likes the Affordable Care Act and has cashed in on most of its benefits. Her 22-year-old recent college graduate has stayed on her health insurance under the ACA provision that requires health plans to cover all children of insureds until they reach age 26. (Before the ACA, many insurance plans kicked off the kids as soon as they got out of school.) She got a free preventative health screening (that is, an annual check-up) because the ACA requires it to be free (in the sense that the patient pays no out-of-pocket charge for the service). And she filled out paperwork that allowed her company to grab the ACA's small-business tax credit. (It's unfortunate that most small businesses don't know about the credit.) And, finally, because her company's insurer failed the medical-loss-ratio rule, which requires medical insurerss to spend 80 to 85 percent of premiums on medical care, her company is getting a small rebate from the insurer (less than $1600). We have covered the medical-loss-ratio rule here and here. It's not clear what the point of the story is, but it did help explain the ACA's various benefits (which is why I'm posting about it!).

Comments

[Sally]

The next time Obama has to defend the ACA he should specifically reference this individual. Well-written, you should look into www.WriterBeat.com.