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Posts Tagged ‘health care system’

Scrap ‘Obamacare’? Maybe not all, Trump administration says

Monday, May 20th, 2019

AP reports:

“Scrap “Obamacare”? Well, maybe not all of it.

The Trump administration is arguing in court that the entire Affordable Care Act should be struck down as unconstitutional. But at the same time, Justice Department lawyers recently suggested that federal judges could salvage its anti-fraud provisions, raising questions about keeping other parts as well.

(more…)

‘Medicare for All’ system could be complicated, potentially disruptive, say budget analysts

Monday, May 20th, 2019

USA Today reports:

“As “Medicare for All” increasingly becomes a battle cry for Democrats on Capitol Hill and those running for president, the nonpartisan Congressional Budget Office weighed in Wednesday on how difficult it could be to move to a single government health care system.

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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…)

Amazon, JPMorgan, Berkshire create new company to tackle health care costs

Thursday, February 1st, 2018

The Chicago Tribune reports:

Three of corporate America’s heaviest hitters — Amazon, Warren Buffett and JPMorgan Chase — sent a shudder through the health industry Tuesday when they announced plans to jointly create a company to provide their employees with high-quality, affordable care.

The announcement was short on details about precisely what the independent company will do. But given the three players’ outsize influence — and Amazon’s ability to transform just about everything it touches — the alliance has the potential to shake up how Americans shop for health care, and the stocks of insurance companies, drug distributors and others slumped in reaction.

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See who’s owed the most by deadbeat Illinois

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.

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One Illinois medical center lands on list of best U.S. hospitals

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.

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Health insurance plans to be rated based on size of network

Thursday, April 28th, 2016

Live Insurance News reports:

” The Obama administration will now use the number of included doctors and hospitals in the ratings.

In response to complaints from consumers with respect to the way health insurance plans are rated on the exchanges, the Obama administration has now said that it will provide a rating for each plan based on the number of hospitals and doctors that are included within that plan’s network.

Equally, there will also be an increase to the maximum annual out-of-pocket amount that consumers can pay.

For individuals, the maximum out-of-pocket expenses for health insurance next year, will be $7,150. For families that figure will be $14,300. Consumer advocates haven’t been impressed with those numbers, as they have said these additional costs could pose a considerable financial burden for middle-income individuals and families who require a large amount of medical care. These new rules were published within the Federal Register, this week. Under these regulations, insurance companies will be able to sell health plans with limited provider networks. (more…)

Blue Cross Blue Shield Confirms Obamacare Death Spiral

Thursday, April 28th, 2016

According to The Beacon:

” The Blue Cross and Blue Shield Association, which represents 36 Blue Cross and Blue Shield plans covering 105 million Americans, has just released a study of its members’ claims data in Obamacare exchanges 2014 and 2015. It confirms that Obamacare exchange enrollees are sicker and more expensive than enrollees in pre-Obamacare individual plans or employer-based plans.

Here I quote four of the study’s findings:

  • Members who newly enrolled in BCBS individual health plans in 2014 and 2015 have higher rates of certain diseases such as hypertension, diabetes, depression, coronary artery disease, human immunodeficiency virus (HIV) and Hepatitis C than individuals who had BCBS individual coverage prior to health-care reform.
  • Consumers who newly enrolled in BCBS individual health plans in 2014 and 2015 received significantly more medical care, on average, than those with BCBS individual plans prior to 2014 who maintained BCBS individual health coverage into 2015, as well as those with BCBS employer-based group health insurance.

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The Federal Government’s $146 Billion Obamacare Boo-Boo

Thursday, April 28th, 2016

According to The Motley Fool:

Bad things can happen when a government forecast proves to be way off.

There are mistakes, and then there are big mistakes. What the Congressional Budget Office’s latest report on federal subsidies revealed was a mistake of monstrousproportions on the part of the federal government.

Here’s what a forecasting error looks like
The Congressional Budget Office, or CBO, has been making projections on the future of Obamacare, and healthcare in general, for years. Initially, the CBO had projected that up to 21 million people would sign up for private health insurance using Obamacare’s transparent marketplace exchanges by 2016. However, that estimate has been substantially reduced to just 12 million. According to the Department of Health and Human Services, Obamacare enrollment totaled “about 12.7 million” as of the end of third enrollment period (Jan. 31, 2016). Ultimately, the CBO foresees private health enrollment via Obamacare topping out at between 18 million and 19 million people between 2018 and 2026.

Why such a huge difference in actual enrollment versus initial projections? To begin with, the government appears to have overestimated just how many people would sign up on private exchanges versus being enrolled via their employer. The data has thus far shown that nowhere near as many people as expected dropped out of employer-sponsored insurance to sign up on Obamacare’s marketplace exchanges, meaning there was a considerably smaller uninsured pool than initially anticipated. (more…)

How Obamacare Makes Tax Filing Trickier

Thursday, April 21st, 2016

According to Time Inc.

“Many Americans will get new tax forms for the first time. Here’s what to do with them.

 

This year, you may be receiving tax forms you’ve never seen before, all thanks to the Affordable Care Act, aka Obamacare. For the most part, these documents won’t make tax filing too much harder—with one big exception. Here’s what you need to know about this paperwork, depending on what kind of health insurance you had in 2015.

If you had health insurance from your employer all year…

(more…)

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