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Posts Tagged ‘Maywood’

Most Americans want lower health care costs, not ‘Medicare for All’ or Obamacare repeal

Monday, May 20th, 2019

CNN Politics reports:

“Washington may be obsessed with enacting “Medicare for All” or repealing Obamacare, but Americans have other priorities.

They want Congress to prioritize reducing health care costs and protecting those with pre-existing conditions, according to a Kaiser Family Foundation poll released Wednesday.

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Scammers Are Using New Medicare Cards to Try to Trick Seniors

Thursday, April 5th, 2018

The Motley Fool reports:

“If you’re a senior on Medicare, new cards are coming soon. New cards will be mailed out between April 2018 and April 2019, and these new cards will no longer have your Social Security number on them.

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ACA Marketplace Plan Issues Threaten Consumers’ Financial Well-Being

Thursday, February 1st, 2018

The Observer reports:

“If you bought health insurance during the Affordable Care Act open enrollment, congratulations. Your major health care needs, known and unknown, should be covered without risk of financial ruin. You may feel you are set until the next open enrollment. But you might actually have more work to do to make sure you are truly protected.

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‘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.

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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…)

Even U of C Medicine and Rush have health insurance problems

Friday, February 27th, 2015

Crain’s Chicago Business reports:

“Proving that no one is immune to the changes sweeping the health care industry, two of Chicago’s most prestigious teaching hospitals are being dinged by insurance companies trying to control costs.

Humana is ending a 20-year relationship with University of Chicago Medicine, which will be eliminated from the insurer’s networks April 1.

(more…)

How To Report to the IRS About Health Coverage Under Obamacare

Tuesday, January 13th, 2015

Small Business Trends reports:

“This year as you complete your federal income tax return, you’ll need to provide extra information, due to Obamacare.

The Affordable Care Act will require one of three things for the 2014 tax year:

  • If you had health coverage for the entire year in 2014, you will be prompted to check the appropriate box on your tax return.
  • If you were exempt or got assistance through a Marketplace, you will need to take additional steps. Those steps may include completing Form 8962 for claiming the Premium Tax Credit assistance. Or you may need to complete a different form to claim an exemption.
  • If you are not exempt and chose not to buy health coverage, you will have to pay an extra tax or fee.

(more…)

Another Election Loser: Obamacare’s Medicaid Expansion

Wednesday, November 5th, 2014

Bloomberg BusinessWeek reports:

“Now that Republicans will be taking control of the Senate, party leaders will get the chance to stage a full vote on the repeal of Obamacare, forcing either a Democratic filibuster or a presidential veto. Either way, it will be pure theater, since there’s no real chance of undoing the law as long as President Obama remains in office. But the results of Tuesday’s election will still have a real impact on the Affordable Care Act’s provisions for state-level Medicaid expansions.

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U.S. Cannot Subsidize Health Plans in States With No Marketplace, a Judge Rules

Friday, October 3rd, 2014

The New York Times reports:

“A federal district judge in Oklahoma dealt a blow to the Affordable Care Act on Tuesday, ruling that the federal government could not subsidize health insurance in three dozen states that refused to establish their own marketplaces. This appears to increase the likelihood that the Supreme Court will ultimately resolve the issue.

Federal appeals courts in Washington and in Richmond, Va., split on this question in July.

(more…)

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