Millions of Americans—from the women who can now access free checkups to the seniors saving on their prescriptions to the 105 million people that have seen lifetime limits on their insurance coverage lifted—can continue to enjoy these important benefits. And now, we can move forward on implementing the provisions to come, like new state insurance exchanges, and making sure no American is denied coverage due to a pre-existing condition.
Before health care reform, insurance companies routinely spent up to 40% of premiums on overhead and administrative costs. Today, thanks to Obamacare, insurance companies are required to spend at least 80% of your premium on your health care—and if they don’t, you get a rebate. This summer, nearly 12.8 million Americans will start receiving their rebate checks, averaging $151 per household—and totaling more than $1.1 billion.
Before the Affordable Care Act, young people could be kicked off their parents' health insurance as soon as they turned 18. But thanks to health care reform, 3.1 million young Americans who would otherwise be uninsured have been able to stay on their family's coverage until age 26—coverage that often includes free preventive care, like checkups and flu shots.