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  Health reform saved consumers $1.5 billion in 2011
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ContributorRP 
Last EditedRP  Dec 06, 2012 11:56am
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CategoryStudy
AuthorStephen C. Webster
News DateWednesday, December 5, 2012 09:35:00 PM UTC0:0
DescriptionPresident Barack Obama’s Affordable Care Act (ACA) saved American consumers $1.5 billion on out-of-pocket health insurance premium costs in 2011, a study published Wednesday (PDF) claimed. Despite this, benefits of the law were not applied equally across all health insurance markets, leading the study’s authors to propose that stronger rules are needed.

Most of the savings cited by the report comes from the ACA’s requirement that medical loss ratios (MLR) stay at 80 percent, meaning 80 percent of all premium payments must be spent on actual health care. The goal of the requirement was to get premium costs down, but many of the law’s critics warned that it may not have that effect.
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