A little-known bureaucrat in Texas just made a decision that could cost you more in higher health insurance rates.
Worse, you could lose out on actual rebate money that your insurance company may owe you next year!
If you think this is a raw deal for Texas, then we need you to speak out. It’s not a done deal yet, so the more consumers who speak out, the better chance we have of reversing this decision!
Tell the Governor and your lawmakers to reverse the Insurance Commissioner’s decision!
At issue is a rule in the national health care law that says insurance companies can’t spend more than 20 percent of your premium on their administrative costs and profits. Spend more than that, and they must rebate you the difference.
Because of this rule, it’s estimated consumers may get $2 billion in rebates next year. The goal is to finally get health insurance companies to keep costs down, and give us a better value on our insurance. It’s designed to get them to spend more of our premiums on needed health care, not CEO salaries and paperwork.
But your Insurance Commissioner decided to let insurance companies off the hook. Texas proposed that insurers not meet this requirement until 2014, leaving you without protection from wasteful spending for several more years!
This decision hasn’t had much attention, so we need to really make some noise in Texas. Please take action, then forward this or post it on Facebook so state leaders will pay attention.
Thank you!
DeAnn Friedholm
PrescriptionforChange.org, a project of Consumers Union
506 West 14th St., Suite A
Austin, Texas 78701
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My Book: As I See It: Class Warfare The Only Resort To Right Wing Doom Book’s Webpage: http://amzn.to/dt72c7 – Twitter: http://twitter.com/egbertowillies |
