Impeding changes to our Health Care system

[glatt]

So far, I'm digging Obamacare. But I reserve the right to change my mind as more becomes clear.

But a couple days ago I got a letter from CIGNA, my health insurance company through my employer. Apparently Obamacare requires that insurance companies must spend at least 85% of the money they collect from premiums on actual health care. In 2011, CIGNA spent 75.8% of their premium money on healthcare. Under Obamacare, they MUST refund the difference (9.2%) to my employer by 8/1/12, and my employer must follow certain rules to distribute the rebate to me.

So the next day, HR sent out an email to the employees saying that they had no idea this was coming, and that they needed a little time to figure out how to distribute the funds back to the employees.

But the thing is, I spent a few thousand dollars on health care premiums on 2011 for my family of four, so to get around 9.2% of that back is going to be a beautiful windfall and really help, either as a check or maybe it will be used to reduce premiums next year.

Thank you, Obama!