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Archive for the ‘Heath Care Costs’ Category
Tuesday, August 21st, 2018
Morningstar reports:
“Many retirement accumulators take pains to dot the i’s and cross the t’s of their retirement plans. They noodle over their portfolios’ asset allocations, carefully calibrate when they’ll begin claiming Social Security benefits, and think hard about withdrawal rates.
But many such painstaking retirement planners don’t give another major variable more than the periodic anxious thought: how to pay for long-term care. And is it any wonder so many people are in denial? For one thing, it’s a flip of the coin as to whether you’ll need long-term care: 52% of people turning 65 are expected to have a long-term care need during their lifetimes, and another 48% will not. The prospect of needing long-term care is inherently unpleasant, and that care can also be ruinously expensive, running upward of $100,000 per year in urban areas.
(more…)
Tags: Costs, employees, Employers, family plan, insurance, Kane, Kane County, long-term, Medicare, Westchester, Wheaton, Wheeling, Wicker Park
Posted in Heath Care Costs | Comments Off on Can Health Savings Accounts Be a Bulwark Against Long-Term Care Costs?
Thursday, September 21st, 2017
Crain’s Chicago Business reports:
“More than 60 businesses and other groups are owed at least $10 million apiece by the state, while 13 of them are due $100 million or more. Those owed the most are in health care, including insurers Aetna Better Health and Blue Cross/Blue Shield parent Health Care Service Corp., each out nearly $600 million.
(more…)
Tags: Arlington Heights, Barrington, health care system, insurance, Streamwood, Sycamore, Wheaton
Posted in Heath Care Costs, Illinois | Comments Off on See who’s owed the most by deadbeat Illinois
Thursday, August 24th, 2017
Kaiser Health News reports:
“When doctors talk about a new leukemia drug from Novartis, they ooze enthusiasm, using words like “breakthrough,” “revolutionary” and “a watershed moment.”
But when they think about how much the therapy is likely to cost, their tone turns alarmist.
(more…)
Tags: cancer, Costs, doctors, Government, Hospital, insurance, long-term, Maple Park, Marengo, Marketplace, Massachusetts, Maywood, McCullen Lake, McCullom Lake, McHenery, McHenry, McHenry County, Medicaid, pediatric
Posted in Heath Care Costs | Comments Off on ‘Breakthrough’ Leukemia Drug Also Portends ‘Quantum Leap’ In Cost
Friday, August 18th, 2017
Crains Chicago Business reports:
“Northwestern Memorial Hospital is the only Illinois medical center to land among the best 20 hospitals nationwide, according to new rankings by U.S. News & World Report.
(more…)
Tags: Campton Hills, Carpentersville, Chicago, Cicero, DuPage, Elburn, Elgin, Elmhurst, Elmwood Park, Government, health, health care system, Hospital
Posted in Heath Care Costs, Illinois | Comments Off on One Illinois medical center lands on list of best U.S. hospitals
Friday, August 18th, 2017
ACA Times reports:
“When it comes to providing healthcare as an employer, cost is a major concern. Under the Affordable Care Act (ACA), applicable large employers – organizations with 50 or more full-time employees and full-time equivalent employees — are required to offer insurance to 95% of their full-time staff.
(more…)
Tags: affordable care, Affordable Care Act, Blue Cross and Blue Shield, Costs, Hampshire, Hanover Park, Harvard, Harwood Heights, Health Alliance, health insurance, insurance broker, open enrollment
Posted in Blue Cross and Blue Shield, Heath Care Costs | Comments Off on Health Insurance Brokers Help Employers Lower Healthcare Costs
Tuesday, June 14th, 2016
The Chicago Tribune reports:
“Illinois residents who buy Blue Cross and Blue Shield health care coverage through the state insurance exchange may be in for Obamacare sticker shock, if proposed rate hikes by the largest insurers in Texas and Oklahoma are any indication.
Texas and Oklahoma are possible harbingers of Blue Cross’ prices on the Illinois exchange because all three health plans are owned by the same company, Chicago-based Health Care Service Corp. Blue Cross is the most popular insurer on the Illinois exchange.
(more…)
Tags: Niles, Norridge, North Aurora, Northern Illinois, Northlake, Oakwood Hills, open enrollment, Penalty
Posted in Blue Cross and Blue Shield, Heath Care Costs | Comments Off on Blue Cross premium hikes in Texas, Oklahoma could mean Illinois sticker shock
Thursday, April 21st, 2016
According to Crain’s Chicago Business
” The operating losses continue to mount at struggling Land of Lincoln Health, totaling $90.8 million for the Obamacare health plan in 2015.
That net loss is almost five times greater than the Chicago-based startup reported in 2014, when it totaled $17.7 million. The insurer lost about $40 million in just the last three months of 2015, according to a new financial statement filed with national insurance regulators.
Jason Montrie, Land of Lincoln president and interim CEO, did not immediately respond to a message seeking comment.
Kevin Scanlan, chairman of the insurer’s board of directors, said in a statement: “Land of Lincoln Health, like other insurers across the market, continues to adjust its business model as we learn how to best adapt to the new marketplace. . . .The board is confident in its long-term viability and will continue to evaluate and invest in the needs of our members.”
(more…)
Tags: affordable care, Affordable Care Act, Blue Cross, Chicago, Chicagoland, Cook, Cook County, Dundee, Elmwood Park, Evanston, Government, health care costs, health care reform, health insurance costs, health reform, healthcare reform, healthcare.gov, IL, Illinois, Illinois health insurance exchange, insurance, Insurance Reform, Kane County, Kendall, McCullom Lake, McHenry, Mr. Obama, new health care, New health insurance law ACA, Northwest Suburbs, Obama care, ObamaCare, Obamacare regulation, Saint Charles, Schiller Park, South Barrington, state health insurance, Tax, taxpayer dollars, the affordable care act, West Chicago, Wicker Park
Posted in Affordable Care Act, Heath Care Costs | Comments Off on Illinois Obamacare plan crippled by losses
Tuesday, January 26th, 2016
According to The CT Mirror:
“Even if you don’t get your health insurance through Obamacare, you’re likely to get something related to the health law in the mail in the coming weeks: A new tax form.
 The 1095-A form exchange customers will receive. Others will get different versions, depending on the source of their health care coverage. Known as Form 1095, it’s part of the way the federal government verifies whether people are complying with the mandate that requires nearly all U.S. residents to have health care coverage. This year is the first time most people will be getting those forms, and officials are anticipating a fair amount of confusion. In part, that’s because what you need to do with that form depends on the type of coverage you had.
Here’s what you need to know. (more…)
Tags: 2015, 2016, ACA, ACA requirements, advice, affordable care, Affordable Care Act, affordable health insurance, Albany Park, Alden, Algonquin, Andersonville, Bannockburn, barack obama, Barrington, Barrington Hills, Bartlett, Boulder Hill, Bucktown, budget cuts, buffalo grove, Bull Valley, buy health insurance, buying insurance, care reform legislation, Carpentersville, Cary, Changeing Health Care, Chicago, Chicagoland, Cook, Cook County, Costs, coverage plan, Crystal Lake, Darien, Deer Park, Deerfield, DeKalb, DeKalb County, Des Plaines, Downers Grove, DuPage, DuPage County, East Dundee, Elburn, Elmhurst, employer health insurance, enroll, enrollment, exchange, federal medicaid, Fox River Grove, Fox Valley, Geneva, Glen Ellyn, Government, government regulations, Hampshire, Harvard, health, health care benefits, health care costs, health care law, health care reform, health care system, health exemption, health insurance, health insurance costs, health insurance coverage, Health insurance exchange, health insurance marketplace, health insurance premiums, health insurance reform, Health Marketplace, health plan, health programs, health reform, health savings account, healthcare reform, healthcare.gov, Highland Park, Huntley, IL, Illinois, Illinois health insurance exchange, individual, individual health insurance, individual insurance, Individual Mandate, insurance, Insurance benefit consultant, insurance industry, insurance news, insurance plan, Insurance Reform, IRS, Kane, Kane County, Kendall, Kendall County, Lake County, Lakewood, Lincolnwood, Lombard, Maywood, McCullen Lake, McHenery, McHenry, McHenry County, Medicaid, Medicare, Montgomery, Naperville, new health care, New health insurance law ACA, North Aurora, North West Suburbs, Northern Illinois, Northlake, Northwest Suburbs, Oak Park, Obama care, ObamaCare, Obamacare regulation, open enrollment, Palatine, Park Ridge, Penalty, Pingree Grove, Prairie Grove, premiums, public exchange, Ringwood, Rolling Meadows, Roselle, Saint Charles, Schaumburg, sign up, Skokie, South Barrington, special enrollment, St. Charles, state health insurance, state legislatures, Stone Park, Supreme Court, supreme court decisions, Tax, taxpayer dollars, Tower Lakes, Villa Park, Wasco, West Chicago, West Dundee, Westchester, Wheaton, Wicker Park, Will, Will County, Wood Dale, Woodstock
Posted in Affordable Care Act, Health Insurance News, Heath Care Costs | Comments Off on Coming soon to your mailbox: An Obamacare tax form
Monday, January 11th, 2016
Energy & Commerce Reports:
“WASHINGTON, DC – The number of failed Obamacare CO-OPs grew to one dozen today as Michigan became the latest to announce it was closing. To date, 12 of the original 23 CO-OPs have closed, bringing the total cost to taxpayers at more than $1.23 billion. This Thursday, the Subcommittee on Oversight and Investigations will hold a hearing on “Examining the Costly Failures of Obamacare’s CO-OP Insurance Loans.” (more…)
Tags: ACA, ACA requirements, affordable care, Affordable Care Act, affordable health insurance, Algonquin, barack obama, Barrington, Bartlett, Bensenville, Bull Valley, buy health insurance, buying insurance, Carol Stream, Changeing Health Care, Chicago, Chicagoland, Cook, Cook County, Costs, coverage plan, Crystal Lake, DeKalb, DeKalb County, Des Plaines, Desplaines, Downers Grove, DuPage County, enroll, Government, government regulations, health, Health and Human Services, health care benefits, health care costs, health care law, health care reform, health care system, health exemption, health insurance, health insurance costs, health insurance coverage, Health insurance exchange, health insurance marketplace, health insurance premiums, health insurance reform, health programs, healthcare reform, healthcare.gov, IL, Illinois, Illinois Department of Insurance, Illinois health insurance exchange, individual health insurance, insurance news, insurance plan, Insurance Reform, Kane, Kane County, Kendall, Kendall County, Lake County, Lake View, Logan Square, Long Grove, McHenery, McHenry, McHenry County, Naperville, new health care, New health insurance law ACA, North Barrington, North West Suburbs, Northern Illinois, Northwest Suburbs, Obama care, ObamaCare, Obamacare regulation, open enrollment, Palatine, Park Ridge, Prairie Grove, revenue measures, Riverwoods, Saint Charles, Schiller Park, Skokie, Spring Grove, state health insurance, state legislatures, Tax, taxpayer dollars, the affordable care act, Village of Lakewood, West Chicago, Wicker Park, Will, Will County, Wilmette, Wood Dale, Woodstock
Posted in Health Insurance Cost, Health Insurance News, Heath Care Costs | Comments Off on With Michigan Closure, More Than Half of Obamacare CO-OPs Have Now Failed
Monday, January 11th, 2016
Investors Business Daily Reports:
“Socialist Medicine: Canadians love their hockey and have historically been happy with their government-run health care system. Hockey is thriving. The country’s health care system, though, is a wreck and getting worse.
It could be said the words “Canada” and “health care” really don’t go together because some Canadians never make it to the doctor.
Too many die untreated due to extended wait times to see a doctor, and those wait times have increased again this year. They are now almost twice as long as they were in 1993, the year Hillary Clinton tried to force government health care on Americans. (more…)
Tags: 2015, ACA, affordable care, Affordable Care Act, affordable health insurance, Algonquin, Arlington Heights, aurora, Barrington, Bartlett, Bucktown, buy health insurance, buying insurance, Changeing Health Care, Chicago, Chicagoland, Cicero, Cook, Cook County, Crystal Lake, Deer Park, DeKalb, DeKalb County, departments of health and human services, doctors, Downers Grove, Dundee, East Dundee, Elgin, employer health insurance, enrollment, Fox Valley, Franklin Park, Government, government regulations, group health plans, health care benefits, health care costs, health care law, health care reform, health care system, health insurance costs, health insurance coverage, Health insurance exchange, health insurance marketplace, health insurance reform, healthcare reform, healthcare.gov, Hoffman Estates, Hospital, Huntley, Illinois, Illinois Department of Insurance, Illinois health insurance exchange, individual health insurance, individual insurance, Kane, Kane County, Kendall County, Lake County, Lake in the Hills, Lake View, Lincoln Park, Long Grove, McHenry, McHenry County, medicaid programs, Morton Grove, new health care, New health insurance law ACA, Obama care, ObamaCare, Obamacare regulation, open enrollment, Palatine, Park Ridge, pre existing conditions, premiums, Prospect Heights, River Grove, Riverwoods, Rolling Meadows, Saint Charles, Schaumburg, Sleepy Hollow, social security and medicare, South Barrington, special enrollment, Streamwood, taxpayer dollars, the affordable care act, United Healthcare, Village of Lakewood, West Chicago, West Dundee, Will County, Woodridge, Woodstock
Posted in Affordable Care Act, Family Health Insurance, Health Insurance News, Heath Care Costs | Comments Off on Canadian Health Care: Patients Waiting Longer Than Ever For Treatment
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