Latest News + Info
The latest information relating to the health insurance industry.
Obamacare co-op Land of Lincoln loses money in first quarter
Crains Chicago Health Care Daily reports: "Illinois' only co-op health insurance program lost more than $4 million and enrolled fewer than 2,500 people in its first quarter of operation as it struggled to enter a market dominated by one massive competitor. Land of...
Beware pitfalls of health care subsidy: Spike in income could spell big tax bill
The Chicago Tribune reports: "Individuals receiving monthly premium subsidies to pay for health coverage purchased on the new exchanges should keep their eye out for Uncle Sam. You could owe a big tax bill on your 2014 return next spring if your income rises during...
Obamacare Rule: Dump Employees Onto Exchanges, Face Big Taxes
Newsmax reports: "Employers who give money to their workers to help pay for insurance through Obamacare exchanges may be in for sticker shock when the taxman comes calling: the IRS considers such arrangements employer payment plans that don't satisfy federal rules....
Federal Health Exchange Statistics
Info on all applicants in the Federal Health Exchange. This compares Illinois to the national average.
UnitedHealthcare vying for a slice of Obamacare pie?
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'...
Some with Obamacare find they’re losing their doctors
Crain's Chicago Healthcare Daily reports: "Some consumers who bought insurance under President Barack Obama's health care law are experiencing buyer's remorse after realizing that their longtime doctors aren't accepting the new plans. Before the law took effect,...
Obamacare insurers need to step it up to compete with Blue Cross
Crains Chicago Health Care Daily reports: "Five of the six insurers on the Illinois Health Insurance Exchange face a moment of truth as they decide whether to continue offering plans on the online marketplace and how to attract more customers. Their first-year efforts...
Shift to public exchanges could save employers $3 trillion
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...
Why Obamacare’s been a boon for Blue Cross
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...
4 Good Reasons Why Small Businesses Are Dropping Health Insurance
Inc.com reports: "So far, few small businesses have signed up for group health insurance through the new exchanges created by Obamacare. Here's why. The Obama administration has been touting its success at getting 8 million Americans signed up for individual health...