EDT July 18, 2013 President Obama President Obama will deliver a speech on his signature health care law Thursday Insurers will begin sending customers $500 million in rebates this summer The White House faces deadlines to establish health care exchanges in all 50 states by Oct. 1 SHARE 504 CONNECT 70 TWEET 36 COMMENTEMAILMORE WASHINGTON — President Obama will use a speech at the White House on Thursday to tout how a provision in his signature health care law is forcing health insurance providers to return money to consumers. With his administration facing deadlines to establish health care exchanges in all 50 states by Oct. 1 and GOP lawmakers continuing to call for a repeal of the law, the president is looking to trumpet the law by highlighting one of the most tangible ways Americans are benefiting from it even as his administration struggles to fully implement it. With that objective in mind, Obama will hone in on what is known as the medical loss ratio provision of the health care law in his speech. The provision requires insurers to refund customers when they spend less than 80% of premiums they collect on medical care. This year the provision will result in 8.5 million Americans receiving $500 million in rebates later this summer, according to the Department of Health and Human Services. The agency estimates that the average rebate is about $100 per family.
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How Obama’s IRS scandal harms national security
They contend that the presidents position isnt nearly as strong as it was at the end of last year, when the tax cuts enacted under President George W. Bush were about to expire. Obama, who had lots of leverage then, got half a loaf. The White House recalls Speaker John Boehners discomfort with the game House Republicans played with the debt ceiling in 2011, which hurt both the economy and their party. Privately, they say that Boehner doesnt wish to wage that fight again when the limit is reached late this year and that his demand that any increase in the debt ceiling be matched by comparable spending reductions is a bluff. That position is unacceptable to Obama and Democrats.
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Obama, Republicans Gird for Next Round of Debt Chicken
Reports indicate that a major terrorist attack may be imminent, citing increased chatter among senior al-Qaeda leaders. Marc A. Thiessen Detroits one-man show Who monitors that chatter? The National Security Agency. Yet the House of Representatives just nearly stripped the NSA of one of its most vital terrorist surveillance tools. The measure failed by just seven votes thanks to a collapse in public support for the NSAs activities.
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