ERIKSEN GROUP
phone
x x x
 

Blog

Posts Tagged ‘Costs’

Health insurance deductibles soar, leaving Americans with unaffordable bills

Monday, May 20th, 2019

The LA Times reports:

“Soaring deductibles and medical bills are pushing millions of American families to the breaking point, fueling an affordability crisis that is pulling in middle-class households with health insurance as well as the poor and uninsured.

In the last 12 years, annual deductibles in job-based health plans have nearly quadrupled and now average more than $1,300.

(more…)

Why Hospitals Should Fear Blue Cross Primary Care Centers

Tuesday, April 23rd, 2019

Forbes.com reports:

“As if hospitals and health systems didn’t have enough emerging threats with big well capitalized publicly-traded insurance companies and drugstore chains developing primary care clinics and urgent care centers in their backyards.

Now come the nation’s largest Blue Cross and Blue Shield plans that dominate big diverse markets like Florida, Illinois, Texas and New Jersey. These Blues plans are backed by their own financing, venture capital funds and primary care partners looking to expand doctor offices, urgent care and health centers in communities across the country. (more…)

Bills would allow Uber, Lyft to provide non-emergency transport for Medicaid patients

Monday, April 15th, 2019

Watchdog.org reports:

“They aren’t offering Uberlances or AmbuLyfts, but Uber and Lyft are among ride-sharing apps that are offering Florida lawmakers potential savings in costs if they are permitted to provide Medicaid patients with non-emergency medical transportation services.

(more…)

Trump Is Being Vague About What He Wants to Replace Obamacare. But There Are Clues.

Tuesday, April 9th, 2019

The New York Times reports:

“We don’t know what will emerge as President Trump’s plan to replace Obamacare, which he has promised to unveil immediately after the 2020 elections. But he has recently endorsed several proposals, and they could provide clues.

(more…)

Can Health Savings Accounts Be a Bulwark Against Long-Term Care Costs?

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…)

What is Trump’s New Short-Term Health Insurance Order?

Tuesday, May 8th, 2018

Investopedia reports:

“On February 20, 2018, the Departments of Health and Human Services (HHS), Labor and the Treasury released a proposed rule that would increase the length of coverage for short-term health insurance plans from three months to 364 days. They proposed this rule in response to an executive order President Trump issued in October 2017 telling these departments to propose regulations or guidance that would make this type of insurance more available in order to encourage consumer choice and provider competition in the health insurance market.

(more…)

Trump ending lower-income Obamacare subsidies, threatening the law’s marketplaces

Monday, October 30th, 2017

The Chicago Tribune reports:

“The Trump administration informed a federal appeals court on Friday that the government would immediately halt payments to insurers that help millions of lower-income Americans afford coverage under the Affordable Care Act, formalizing a decision that could upend individual insurance markets across the country.

(more…)

Despite boost in social security, rising Medicare Part B costs leave seniors in bind

Wednesday, October 11th, 2017

News Medical reports:

“Millions of seniors will soon be notified that Medicare premiums for physicians’ services are rising and likely to consume most of the cost-of-living adjustment they’ll receive next year from Social Security.

Higher 2018 premiums for Medicare Part B will hit older adults who’ve been shielded from significant cost increases for several years, including large numbers of low-income individuals who struggle to make ends meet.

(more…)

Trump Administration Sharply Cuts Spending on Health Law Enrollment

Tuesday, September 19th, 2017

The NY Times reports:

“The Trump administration is slashing spending on advertising and promotion for enrollment under the Affordable Care Act, a move some critics charged was a blatant attempt to sabotage the law.

Officials with the Department of Health and Human Services, who insisted on not being identified during a conference call with reporters, said on Thursday that the advertising budget for the open enrollment period that starts in November would be cut to $10 million, compared with $100 million spent by the Obama administration last year, a drop of 90 percent. Additionally, grants to about 100 nonprofit groups, known as navigators, that help people enroll in health plans offered by the insurance marketplaces will be cut to a total of $36 million, from about $63 million.

(more…)

‘Breakthrough’ Leukemia Drug Also Portends ‘Quantum Leap’ In Cost

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…)

Newsletter Signup

Free Consultation
image_questions
Change Your Broker
 
x x x