Obama Says Health Law Is Saving Consumers Money

Ratcheting up the campaign to sell the health law, President Barack Obama delivered a speech Thursday touting how millions of individuals are already benefiting from its insurance rebates, and others who buy coverage online in states such as California, New York and Oregon will pay lower-than-projected premiums next year because of increased competition.

"Consumers are getting a hint of how much money they're going to save because of this law," he said in the White House, surrounded by consumers who received refunds. "The Affordable Care Act is doing what it’s designed to do."

The remarks piggybacked on the announcement Wednesday that New York regulators have approved health insurance rates for individual policies for 2014 that are half the cost of current policies on average.

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Source: Kaiser Health News