Well the first phase of Obamacare has left its mark on the American people and the results are horrendous. It has created 20% to 50% rate increases both individual and group health plans and forced business’ to change the types of plan coverage and participation from employees. I have talked to seniors in the Florida state group health plan facing $850.00 per month premiums next year, this is a direct result of Obamacare and not out of the norm. Below is the latest results of rate increases and their effects from the Society of Human Resource Managers a very progressive group!

http://www.shrm.org/hrdisciplines/benefits/Articles/Pages/CostShifting2011.aspx

The real effects are now just being felt and the biggest causal factor is the Minimum Loss Ratio requirement of 80%  for large group and 85% for small group and individual plans. This requirement forces all health insurance companies to spend 80 to 85 cents out of every dollar on the health care of the policy holder or group member and if they do not, they must reimburse these funds back to the consumer.

 So lets extrapolate that concept:

1. You own auto insurance or homeowners insurance and did not get into an accident or have a claim on the policies,  so you should get back 15% to 20% of your premium $$$.                                                                                                                                                                                    2. You own life insurance or disability insurance and did not die or become disabled this year so the insurance company should give you back part of your premiums. ( they do have Return Of Premium policies that are 125% more expensive than their non ROP policies)                                                                                                                                                                          3.  You have a cable or satellite subscription and you only watch broadcast stations so you don’t miss Dancing with the Stars, so the company should give you back your monthly fee because you can get that station with an antenna.
4.   You buy groceries and before you eat them they spoil because you decided to eat out every day this week or you went out of town, so the grocery store should  reimburse you for the spoilage even after an obvious consume by date.  read more »