August 01, 2012
03:59 PM EDT
This summer, Americans across the country are receiving a new set of benefits from the Affordable Care Act.
One of the biggest changes has to do with your health care premiums.
Because of the new health care law, insurance providers are now required to devote at least 80 percent of the premiums you pay to your health care -- not to advertising, or administrative costs, or salaries for their CEOs.
Providers can make sure they meet that standard by lowering your rates or improving your care, but right now, companies that aren't meeting the standard are actually providing rebates to their customers. Nearly 13 million Americans will receive more than $1 billion
from insurance companies this summer.
Back in 2010, Nancy-Ann DeParle, President Obama's Deputy Chief of Staff for Policy, filmed a White Board to help explain the reform and why it matters.
Related Topics: Health Care