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Posts Tagged ‘Key Findings ACA’

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.

(more…)

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…)

Employers test mix of strategies to avoid PPACA

Wednesday, June 12th, 2013

Benefits pro reports:

“Employers that have pruned the hours of part-timers in response to Obamacare have generated plenty of headlines, mostly negative. But it’s not the only strategy they’re testing in hopes of sparing themselves the expense of buying health insurance for everyone.

Around the country, companies are beginning to share employees.

They’re also increasingly turning to temporary staffing agencies.

When and where possible, they’re using independent contractors.

And, in some instances, they’re turning to professional employer organizations.

Often, none of these options are ideal but are viewed as the best way forward, especially for businesses subject to the law because they employ 50 or more people.

(more…)

Illinois to decide on essential health benefits

Monday, September 24th, 2012

Bloomberg Businessweek reports:

“Gov. Pat Quinn has less than a month to choose which benefits will be required in basic health insurance plans sold to individuals and small businesses in Illinois under the federal health care law, an important decision that will determine the cost of future premiums and how broad coverage will be for many patients.

As the presidential election focuses on President Barack Obama’s national health care overhaul, Illinois has been inching toward implementing the law. Although the governor hasn’t been able to push through some needed legislation, he doesn’t need the Legislature to OK his choice of a benchmark to assure that Illinoisans receive “essential health benefits.”

(more…)

Key Findings From The Kaiser Family Foundation’s November Health Tracking Poll

Thursday, December 1st, 2011

The Kaiser Family Foundation reports:

“* After taking a negative turn in October, the public’s overall
views on the Patient Protection and Affordable Care Act (ACA) returned
to a more mixed status this month.  Still, Americans remain somewhat
more likely to have an unfavorable view of the law (44%) than a
favorable one (37%).  That is a narrower gap than the 51 percent
unfavorable/34 percent favorable split seen in October, when the share
of the public with a favorable view reached a low point in Kaiser polls.
Favorable views among Democrats, which dipped to 52 percent in
October, rebounded to 62 percent in November, while the large majority
of Republicans (78%) continue to have an unfavorable view of the law.
Independents, mirroring the public overall, tilt unfavorable (47% vs.
34%).  The November Tracking Poll is available at http://www.kff.org/kaiserpolls/8259.cfm.

(more…)

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