| |
|
|
Blog |
Archive for the ‘Exchange’ Category
Thursday, April 28th, 2016
According to News Max Finance:
” Well, the hammer has fallen: The largest health insurer in the U.S. has started pulling out of select Obamacare exchanges.
Five months ago UnitedHealth, which had been singing sunny songs to investors about its bright future on the exchanges, abruptly began crooning the blues. In an earnings call barely a month after executives assured investors that all was going swimmingly, they confessed that they were losing a ton of money on their Obamacare policies and described a pattern that sounded as if consumers were gaming the system — signing up for a few months, using a ton of services, and then canceling their policies. If this continued, they said, they would have no choice but to pull out of the exchange business. (more…)
Tags: ACA, affordable care, Affordable Care Act, Albany Park, Andersonville, aurora, Bartlett, Batavia, Bucktown, budget cuts, buying insurance, Carpentersville, Cary, Changeing Health Care, Chicago, Chicagoland, Cook, Cook County, Costs, Crystal Lake, DeKalb, DeKalb County, Downers Grove, East Dundee, Elgin, Elmwood Park, employer health insurance, enroll, enrollment, Fox River Grove, health care costs, health care law, health care reform, health insurance costs, health insurance coverage, Health insurance exchange, health insurance marketplace, health insurance reform, health plan, health reform, healthcare reform, Huntley, insurance industry, insurance news, insurance plan, Insurance Reform, Kane, Kane County, Kaneville, Lake County, Lake View, Lisle, Long Grove, Marketplace, McHenery, McHenry, McHenry County, Mr. Obama, Naperville, new health care, New health insurance law ACA, North Aurora, North West Suburbs, Northern Illinois, Northwest Suburbs, Oakbrook Terrace, Oswego, Park Ridge, Ringwood, Rolling Meadows, Roselle, Schaumburg, state health insurance, the affordable care act, UHC, United Health Care, United Healthcare, UnitedHealthcare, Villa Park, Wasco, West Chicago, Wicker Park, Will, Will County, Woodstock
Posted in Affordable Care Act, Exchange, Health Insurance News, Insurance Reform | Comments Off on Obamacare Encounters Another Bump in the Road
Tuesday, October 20th, 2015
Crain’s Chicago Business reports:
“Kraft Heinz Co., which counts Warren Buffett’s Berkshire Hathaway Inc. as its largest shareholder, is pushing some of its retirees to health exchanges as the company cuts expenses.
The foodmaker is eliminating some benefits as it seeks to provide care in “the most cost-effective manner,” according to a letter to retirees and their spouses dated Sept. 1, a copy of which was obtained by Bloomberg.
(more…)
Tags: Arlington Heights, Barrington, Barrington Hills, Bartlett, Batavia, exchange, health plan, individual, insurance, Marketplace, Medicare
Posted in Exchange, Insurance Reform | Comments Off on Kraft Heinz pushes retirees to health exchanges
Friday, February 27th, 2015
Modern Healthcare Reports:
“The CMS Friday issued final market rules for 2016 (PDF) for the state and federal insurance exchanges. The regulations include stronger requirements for insurers to provide accessible, reliable information about provider networks and drug formularies so that exchange customers can make informed choices.
(more…)
Tags: Affordable Care Act, Costs, Deer Park, Deerfield, DeKalb, DeKalb County, Delay, dental, Des Plaines, Downers Grove, Dundee, Health and Human Services, Individuals, insurance, requirements, the affordable care act
Posted in Exchange, Insurance Reform | Comments Off on New CMS rules boost consumer protections in exchange plans
Monday, January 12th, 2015
The Quad-City Times reports:
“An 11th-hour bid to establish a state-based health insurance exchange fell short Wednesday when the Illinois House adjourned for the remainder of the year without bringing the matter for a vote.
Against the backdrop of a federal deadline to take action and the looming end of single-party control of state government, the sponsor of the measure said she couldn’t round up enough votes to get the measure to outgoing Democratic Gov. Pat Quinn’s desk.
(more…)
Tags: Affordable Care Act, Health insurance exchange, IL, Illinois, Marketplace, state health insurance, the affordable care act, Vergil, Villa Park, Village of Lakewood, Virgil
Posted in Exchange, Illinois, Illinois Health Insurance | Comments Off on State health insurance exchange scuttled in Illinois
Friday, October 17th, 2014
Benefits Pro reports:
“Oops. The private exchange juggernaut may have just hit a bump in the road to success.
Myriad studies have tried to fathom whether major employers will decide to shift their employees to the growing number of private health exchanges. Some research has suggested shifting workers to a private exchange model will result in health coverage cost savings for employers.
(more…)
Tags: affordable care, Aflac, Alden, Algonquin, Bannockburn, Barrington, Bensenville, Berwyn, employees, Employers, health care costs, health plan, private exchange
Posted in Exchange, Insurance Reform | Comments Off on Most employers to reject private exchanges
Wednesday, September 3rd, 2014
Healthcare.gov reports:
“We’ve been reaching out to some of you by mail, email, and phone if some information you gave us on your Health Insurance Marketplace application doesn’t match the data we have on file. It’s important that you submit the documents we need so we can help you stay covered through the Marketplace and keep any help you get with premiums and cost-sharing.
We know you’re listening because we’re getting thousands of documents every day and are working around the clock to review these documents to confirm you are eligible for Marketplace coverage. If you’ve mailed or uploaded documents already, we’ll let you know as soon as we’ve finished reviewing them.
If you’ve been getting reminder calls, letters and emails from us, but still haven’t submitted the documents we are asking for, now is the time. Beginning this week, some of you will get a warning notice in the mail telling you that September 5, 2014 is your last deadline to submit these documents.
(more…)
Tags: application, Deer Park, Deerfield, DeKalb, DeKalb County, Delay, Doctor survey, Downers Grove, Dundee, DuPage, DuPage County, health insurance marketplace, healthcare.gov, Marketplace, premiums
Posted in Exchange | Comments Off on Still need to send documents to the Marketplace? If you get a letter this week, time is running out.
Thursday, June 12th, 2014
Crain’s Chicago Healthcare Daily reports:
“If UnitedHealthcare of Illinois Inc. starts selling plans on the state’s health insurance exchange this fall — as reported today — the insurer most likely won’t make a large dent in Blue Cross & Blue Shield of Illinois’ market share.
Still, there are chances for the carrier, an arm of Minneapolis-based UnitedHealth Group Inc., to make inroads in the state.
(more…)
Tags: Chicago, enrollment, health insurance, Health insurance exchange, health insurance marketplace, Marketplace, South Elgin, Spring Grove, Streamwood, Tower Lakes, Trout Valley, United Health Care, United Healthcare, UnitedHealthcare
Posted in Exchange | Comments Off on UnitedHealthcare vying for a slice of Obamacare pie?
Thursday, June 12th, 2014
Benefits Pro reports:
“The nation’s employers could save a whopping $3.25 trillion over the next decade by shifting most of their employees from workplace health plans to the public exchanges.
That’s according to an S&P Capital IQ report that notes government subsidies and individuals themselves would be left to pick up the tab.
The S&P 500 alone, it said, could save $700 billion through 2025 – potential savings that represent 4 percent of those companies’ market capitalization.
(more…)
Tags: Affordable Care Act, Campton Hills, Carol Stream, Carpend, Carpentersville, Cary, Chicago, Cicero, exchange, health care benefits, subsidies
Posted in Exchange, Group Health Insurance | Comments Off on Shift to public exchanges could save employers $3 trillion
Thursday, June 12th, 2014
Crains Chicago Health Care Daily reports:
“Blue Cross & Blue Shield of Illinois estimates that it scooped up 92 percent of consumers who bought Obamacare health insurance plans in the state.
“We’re happy with the amount of people that have chosen us,” Lauren Perlstein, senior manager of public relations at Health Care Service Corp., the parent of Blue Cross plans in five states. “We’re committed to the state of Illinois, so we’ve been the plan to offer our services and coverage in every single part of this state. People know the Blue brand, and when they see the Blue brand, they’re apt to go with it.”
(more…)
Tags: Batavia, Berwyn, Big Rock, Boulder Hill, buffalo grove, Bull Valley, Burlington, health insurance, insurance, insurance plan, medical expenses, ObamaCare, premiums
Posted in Blue Cross and Blue Shield, Exchange, Insurance Reform | Comments Off on Why Obamacare’s been a boon for Blue Cross
Friday, May 16th, 2014
Insurance News Net reports:
“Last-minute shoppers to the health insurance marketplace plans might do well to heed the advice of Butler County physician Mark Musmanno:
Know what you’re signing up for.
(more…)
Tags: affordable care, Affordable Care Act, Consultant, enrollment, exchange, health insurance, Hebron, Herbron, Highland Park, Hillside, Hinsdale, insurance news, Marketplace, Navigator
Posted in Exchange, Insurance Reform | Comments Off on Health Marketplace Sticker Shock Spreading
|
|
|
|
|
