Starting today…

…because of President Obama and the Democratic Congress and years of effort by millions of Americans...

Seniors who've been stuck in prescription-drug "doughnut hole," will, for example, receive a 50% discount on the price of brand-name prescription drugs starting today. On a related note, seniors will also be eligible, starting today, for free "preventive services" screenings, including cancer tests like mammograms, and annual check-ups.

Of particular interest, on a systemic level, is the introduction of the new "medical loss ratio," which sounds more complicated than it is. This new rule forces private insurers to spend 80% to 85% of the money we pay them in premiums on paying for* actual medical care to its customers, rather than everything else (profit, marketing, executive salaries, overhead, etc.). In recent years, some insurance companies were spending as little as 50% of their premium dollars on their customers.

Hat tip to Steve Benen.