16 million Americans to share in $1.3 billion worth of rebate checks because of ObamaCare

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Just in time for the election…

The Obama administration will soon announce $1.3 billion in rebate checks to nearly 16 million Americans from insurance companies who haven’t spent enough on patient care.

Mark Halperin: “From almost the moment the Affordable Care Act (a/k/a “ObamaCare”) was signed into law, the administration has been playing defense… But the rebate provision of the law — the fruits of the so-called ’80/20 rule’ — is about to kick in big time, as millions of Americans receive rebate checks or premium reductions from insurance companies who have failed to spend enough on patient care. This cash could be a true game changer in public attitudes about whether the law actually is beneficial and good public policy.”

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.