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Posts Tagged ‘Johnsburg’

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.

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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…)

Short-Term, Limited-Duration Insurance Final Rule

Tuesday, August 21st, 2018

CMS Reports:

“Background

The Secretaries of the Treasury, Labor, and Health and Human Services published a proposed rule to consider allowing short-term, limited-duration insurance to cover longer periods and be renewed by the consumer on February 21, 2018 in response to both stakeholder input in the Request for Information “Reducing Regulatory Burdens Imposed by the Patient Protection and Affordable Care Act & Improving Healthcare Choices to Empower Patients,” as well as Executive Order 13813 entitled “Promoting Healthcare Choice and Competition Across the United States.”

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Most common questions about ACA insurance

Tuesday, September 19th, 2017

Yahoo Finance reports:

“Welcome to Fix My Finances, a Yahoo Finance personal finance series. Each episode, we take a look at one viewer’s financial state of affairs and offer advice, insight and information on a variety of issues, including how to save more, spend less and pay off lingering debt.

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7 Healthcare Expenses Medicare Won’t Pay For — The Motley Fool

Friday, August 18th, 2017

Yahoo Beauty reports:

“If you’re looking forward to getting Medicare because you think this health insurance for seniors will provide comprehensive coverage, you may end up disappointed. Studies have shown seniors with high-prescription drug needs could incur as much as $350,000 in out-of-pocket spending on healthcare during retirement, even with both Medicare and a supplementary Medigap policy.

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Illinois’ stack of unpaid medical bills now reaches $3.5 billion

Thursday, April 6th, 2017

Crain’s Chicago Business reports:

“The state budget stalemate, which has stretched on for nearly two years, is putting lives on the line, according to emotional testimony out of the Illinois House yesterday.

That’s because the state’s now $12.6 billion backlog also includes months and months of unpaid medical bills on behalf of state workers and retirees. At last count, the state owed $3.5 billion in medical bills for its employees, according to a spokesman for the Illinois comptroller. In early March, a dental lobbying group said dentists who treat state employees were owed a collective $174 million.

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IRS Grants Extension for 6055 and 6056 Reporting

Tuesday, January 26th, 2016

According to United Healthcare, Broker Connection Special Edition:

“On Dec. 28, 2015, the IRS announced that it is granting an automatic extension for the 2015 information returns required of insurers, employers and certain other providers of Minimum Essential Coverage (MEC) under Section 6055 and 6056 of the Internal Revenue Code (IRC).

Coverage providers that need more time now have until March 31 to get Form 1095 to individuals and until June 30 to electronically file with the IRS. For providers not filing electronically, the deadline is May 31, 2016. (more…)

Assurant to sell money-losing health insurance operations

Tuesday, May 5th, 2015

Modern Healthcare reports:

“Insurance giant Assurant is looking to sell its health insurance division, Assurant Health—a company that has been active on the Affordable Care Act exchanges but has hemorrhaged tens of millions of dollars.

It’s likely another insurer will emerge to acquire Assurant Health, industry sources say. Health insurers have been eager to snatch up any available asset, but sellers have been few and far between. Assurant Health covers roughly 1 million people and had $2 billion of premium revenue last year.

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The Next ACA Battle: Extending The Children’s Health Insurance Program

Monday, March 2nd, 2015

Forbes reports:

“The Affordable Care Act is an endless source of tortured political maneuverings.

Another example will soon demand Congress’ attention: Extending the Children’s Health Insurance Program (CHIP).   The program was created in 1997, in the aftermath of the failed Clinton health reform initiative, to provide health coverage for pregnant women and uninsured children in families that make too much to qualify for Medicaid. Congress votes regularly to extend this joint federal-state program.

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BCBSIL Monitoring Confirmed Case of Ebola Virus in Dallas

Friday, October 3rd, 2014

News from the Blues reports:

“With the first case of Ebola virus being confirmed in Dallas, we will be monitoring the situation and providing you with further updates and resources as needed.

The Centers for Disease Control (CDC) recognizes that even a single case of Ebola diagnosed in the United States raises concerns. We reaffirm the CDC’s statement that the U.S. medical systems and public health infrastructure are well equipped to contain the virus and limit any further potential threats.

(more…)

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