Press Briefing  June 21, 2012 | 52:25 | Public Domain   Download
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by Press Secretary Jay Carney, 6/21/12  James S. Brady Press
Briefing Room  12:28 P.M. EDT  MR. CARNEY: Hello, everyone.
Welcome to the White House.  Before I take your questions I just
wanted to note that today the Department of Health and Human
Services announced that 12.8 million Americans will benefit from
$1.1 billion in rebates from insurance companies. These rebates
will be delivered by August 1st. The rebates were made possible
by the Affordable Care Act, which generally requires insurance
companies to spend at least 80 percent of consumers' premium
dollars on health care, not advertising, bonuses, or overhead.
If insurance companies do not meet that standard, they must
provide rebates to their consumers.  The rebates are just
another example of how the Affordable Care Act is giving
consumers a better value for their health care dollar and making
our health care system strong