WASHINGTON - Ways and Means Committee Ranking Member Sander Levin (D-MI) and Health Subcommittee Ranking Member Pete Stark (D-CA) today issued the following statements in response to the Centers for Medicare & Medicaid Services (CMS) announcement that more than 12 million Americans will receive $1.1 billion - an average of $151 per household - in rebates from health insurance plans this summer that failed to meet a requirement to spend at least 80 cents of every dollar on health care claims and quality improvement initiatives as part of the new health care law:
Rep. Sander Levin (D-MI): “Today's announcement is another example that vital health insurance reforms in ObamaCare are working to make health care more affordable. Tens of millions of Americans are already benefiting from the law. The news underscores what is at stake in the upcoming Supreme Court decision on the Affordable Care Act."
Rep. Pete Stark (D-CA): “Today's announcement on rebates highlights another 1.1 billion reasons why ObamaCare benefits working Americans. Thanks to health reform, American families will receive $1.1 billion from insurance companies this summer. This is one more example of the many ways the law increases the value of people's health care dollars. While I remain optimistic that the Court will rule in favor of reform, these rebates highlight -- in hard dollars -- all that is at risk with their decision."
