Obamacare takes effect for insurance companies | Arkansas Blog

Monday, December 5, 2011

Obamacare takes effect for insurance companies

Posted By on Mon, Dec 5, 2011 at 8:40 AM

Media are taking notice of implementation of an important part of health care reform legislation — the part that requires, in general terms, the spending of 80 percent of the money paid in insurance premiums on health care or initiatives to improve health care. (As opposed to excessive profits or administrative costs such as high executive pay, for example.) Now that it's here, the insurance industry isn't happy. Get ready for some scare TV soon.

Here's a detailed explanation.

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