Yup you get a rebate check at the end of the year..... This provision to me is the biggest reason that douchebag that just got elected in FLA for governor spent a small fortune creating the patients bill of rights scream campaign of that wonderful summer....
Can anyone tell me this provision is bad?
That's a misrepresentation.
If I spend nothing and I'm in the same pool as someone who has cancer, I will still get my rebate check? Wow...If so, this health care law is even more stupid than I thought and will lead to bankruptcy of insurance companies. Pay an 85% refund to those who don't get sick, but also pay a cancer patient's full medical costs that can easily exceed $1 million in a year?
If not then it's not a benefit, and that rebate check depends on OTHER people in the same pool not getting sick or misusing it, not me. If a moron who doesn't believe in vaccines(many Chiropractors still believe in the conspiracy theory that they cause autism) decides not to immunize himself/family from H. Influenza, Seasonal Influenza, Hepatitis, MMR, Meningitis, Pneumonia, and many others, Why should I have to share my rebate check with others?
If I'm not getting any rebate check back because it will be shared with millions of other people in the same pool(regardless of if they got sick or not) even though I used nothing, screw that, I might as well use it for everything under the sun including headaches, common cold, upset stomach and constipation.
Similarly, If you're a Republican Governor who doesn't believe in Obama stimulus, but it still passed, why the hell wouldn't you take the money when it's on the table? You get zero benefit from leaving the money on the table because tax payers in your state will still be paying for it whether you accept the stimulus or not. I don't see anything hypocritical about that. Same thing with this new health care law.
BTW...Most health insurance companies already do on average 82-84%.