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Posts Tagged ‘Obamacare regulation’
Monday, May 20th, 2019
KHN reports:
“Sheri Lewis, 59, of Seattle, needed a hip transplant. Bradley Fuller, 63, of nearby Kirkland, needed chemotherapy and radiation when the pain in his jaw turned out to be throat cancer. And Kim Bruzas, 55, of Waitsburg, hundreds of miles away, needed emergency care to stop sudden —and severe — rectal bleeding.
Each of these Washington state residents required medical treatment during the past few years, and each thought they had purchased health insurance through an online site.
(more…)
Tags: Affordable Care Act, Hampshire, health insurance, health insurance reform, Individual Mandate, insurance plan, Insurance Reform, Oakbrook Terrace, Oakwood Hills, Obama care, ObamaCare, Obamacare regulation, online degrees, open enrollment, Opt-Out, Oswego, Penalty, requirements Posted in Family Health Insurance, Health Insurance News | Comments Off on ‘Sham’ Sharing Ministries Test Faith Of Patients And Insurance Regulators
Monday, April 9th, 2018
Bloomberg reports:
“Deep in a budget deal Congress passed earlier this year — just 118 words in Section 53116, a little before passages on prison reporting data and payment yields for seed cotton — was a hit to pharmaceutical companies that will cost them billions, and could signal more losses to come. (more…)
Tags: doctors, Donald Trump, enroll, Health and Human Services, Medicare, Obama care, ObamaCare, Obamacare regulation, Oswego, Palatine, Park Ridge, seniors, Will Posted in Medicare | Comments Off on A Rare Loss for U.S. Pharma Lobby Will Cost the Industry Billions
Friday, August 18th, 2017
Forbes reports:
“Next time you run into someone who minimizes the problems with Obamacare, I want you to introduce them to Fay. She’s a reasonably healthy 60 year old grandmother living in Fayette County, Illinois and earns about 450% of the federal poverty level ($53,460) working for a small employer that does not provide her with health insurance. Right now, if she wants the second lowest silver plan in her area, she needs to pay 28% of her pre-tax income in order to get it — $1,247 per month. Fay just doesn’t have that kind of money and thus lives in fear of medical bankruptcy should something go wrong.
(more…)
Tags: deductibles, Health insurance exchange, health insurance premiums, Individuals, Kaneville, Kendall, Kendall County, Kildeer, Lafox, Lake, Lake County, Lake in the Hills, Lake View, Lakemoor, Lakewood, Lincoln Park, Lincolnwood, Long Grove, ObamaCare, Obamacare regulation Posted in Obamacare | Comments Off on Where Obamacare Has Become Unaffordable, Short Term Health Insurance Can Help
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…)
Tags: ACA, Affordable Care Act, affordable health insurance, Chicago, Chicagoland, government regulations, group health plans, health care costs, health care reform, health care system, health insurance costs, Health insurance exchange, health insurance reform, Obama care, ObamaCare, Obamacare regulation, West Chicago Posted in Affordable Care Act, Health Care .gov | Comments Off on Health insurance plans to be rated based on size of network
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…)
Tags: 60006, 60018, 60024, 60039, 60067, 60072, 60116, 60131, 60134, 60162, 60165, 60183, 60204, 60304, 60522, 60599, ACA, ACA requirements, Advocate Heath Care, affordable care, Affordable Care Act, affordable health insurance, Andersonville, Barrington Hills, BCBS, BCBSIL, Blue Cross, Blue Cross and Blue Shield, Blue Cross and Blue Shield of Illinois, Bucktown, buy health insurance, buying insurance, Campton Hills, Changeing Health Care, Cicero, Cook, Cook County, Costs, Crystal Lake, DeKalb, DeKalb County, Downers Grove, DuPage, DuPage County, Elgin, Evanston, Fox River Grove, Glenview, government regulations, Harvard, health care costs, health care law, health care reform, health care system, health insurance costs, health insurance coverage, Health insurance exchange, health insurance marketplace, health insurance reform, healthcare reform, Huntley, individual health insurance, individual insurance, insurance industry, insurance news, Insurance Reform, Kane, Kane County, Kendall, Kendall County, Key Findings ACA, Lake County, McHenery, McHenry, McHenry County, Mr. Obama, new health care, New health insurance law ACA, North West Suburbs, Northern Illinois, Northwest Suburbs, Obama care, ObamaCare, Obamacare regulation, pre existing conditions, Rolling Meadows, Sleepy Hollow, South Elgin, Sugar Grove, the affordable care act, West Chicago, Will, Will County, Woodstock Posted in Affordable Care Act, Blue Cross and Blue Shield | Comments Off on Blue Cross Blue Shield Confirms Obamacare Death Spiral
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…)
Tags: 60008, 60013, 60068, 60074, 60116, 60172, 60180, 60195, 60517, 60522, 60610, ACA, ACA requirements, affordable care, Affordable Care Act, aurora, barack obama, Barrington, buy health insurance, Chicago, Chicagoland, Cook, Cook County, Costs, Crystal Lake, DeKalb, DeKalb County, Des Plaines, Downers Grove, DuPage, DuPage County, Elgin, enrollment, Fox River Grove, government regulations, health care law, health care system, health insurance costs, Health insurance exchange, Huntley, Illinois Department of Insurance, insurance news, insurance plan, Insurance Reform, Kane, Kane County, Kendall, Kendall County, Lake County, Long Grove, Marketplace, Maywood, McHenery, McHenry County, Mr. Obama, new health care, New health insurance law ACA, North West Suburbs, Northern Illinois, Northwest Suburbs, Obama care, ObamaCare, Obamacare regulation, Prairie Grove, revenue measures, Rolling Meadows, Schaumburg, South Barrington, Streamwood, Wicker Park, Will, Will County, Woodridge Posted in Affordable Care Act, Health Insurance Cost | Comments Off on The Federal Government’s $146 Billion Obamacare Boo-Boo
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…)
Tags: ACA, ACA requirements, affordable care, Affordable Care Act, affordable health insurance, Andersonville, Barrington, Blue Cross, Blue Cross and Blue Shield, Bucktown, budget cuts, Burlington, Cary, Chicago, Chicagoland, Crystal Lake, DeKalb, DeKalb County, Downers Grove, Forest Park, Fox Valley, Geneva, Hampshire, Harvard, health care costs, health care law, health care reform, health care system, health insurance costs, health insurance coverage, health insurance marketplace, health reform, healthcare reform, IL, Illinois, insurance industry, insurance news, insurance plan, Insurance Reform, Kane, Kane County, Kendall, Kendall County, Lake County, Lake View, McHenery, McHenry, Morton Grove, Mr. Obama, new health care, New health insurance law ACA, North West Suburbs, Northern Illinois, Northwest Suburbs, Obama care, ObamaCare, Obamacare regulation, open enrollment, Palatine, Saint Charles, Schaumburg, South Barrington, Streamwood, Tax, taxpayer dollars, the affordable care act, United Health Care, West Chicago, Wicker Park, Will, Will County, young adults, young people Posted in Affordable Care Act | Comments Off on How Obamacare Makes Tax Filing Trickier
Thursday, April 21st, 2016
According to Crain’s Chicago Business
” The operating losses continue to mount at struggling Land of Lincoln Health, totaling $90.8 million for the Obamacare health plan in 2015.
That net loss is almost five times greater than the Chicago-based startup reported in 2014, when it totaled $17.7 million. The insurer lost about $40 million in just the last three months of 2015, according to a new financial statement filed with national insurance regulators.
Jason Montrie, Land of Lincoln president and interim CEO, did not immediately respond to a message seeking comment.
Kevin Scanlan, chairman of the insurer’s board of directors, said in a statement: “Land of Lincoln Health, like other insurers across the market, continues to adjust its business model as we learn how to best adapt to the new marketplace. . . .The board is confident in its long-term viability and will continue to evaluate and invest in the needs of our members.”
(more…)
Tags: affordable care, Affordable Care Act, Blue Cross, Chicago, Chicagoland, Cook, Cook County, Dundee, Elmwood Park, Evanston, Government, health care costs, health care reform, health insurance costs, health reform, healthcare reform, healthcare.gov, IL, Illinois, Illinois health insurance exchange, insurance, Insurance Reform, Kane County, Kendall, McCullom Lake, McHenry, Mr. Obama, new health care, New health insurance law ACA, Northwest Suburbs, Obama care, ObamaCare, Obamacare regulation, Saint Charles, Schiller Park, South Barrington, state health insurance, Tax, taxpayer dollars, the affordable care act, West Chicago, Wicker Park Posted in Affordable Care Act, Heath Care Costs | Comments Off on Illinois Obamacare plan crippled by losses
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…)
Tags: 2015, 2016, ACA, ACA requirements, affordable care, Affordable Care Act, affordable health insurance, Albany Park, Andersonville, barack obama, Barrington, Bartlett, Broker, Bucktown, buffalo grove, buy health insurance, buying insurance, care reform legislation, Carol Stream, Carpentersville, Cary, Changeing Health Care, Chicago, Chicagoland, Contact Us, Cook, Cook County, Costs, Deerfield, DeKalb, DeKalb County, Dundee, DuPage, DuPage County, East Dundee, Elgin, Employers, enroll, enrollment, Fox Valley, Geneva, Glendale Heights, Government, government regulations, health, health care benefits, health care costs, health care law, health care reform, health care system, health exemption, health insurance costs, health insurance coverage, Health insurance exchange, health insurance marketplace, health insurance premiums, health insurance reform, Health Marketplace, health plan, health programs, health reform, healthcare reform, healthcare.gov, Hinsdale, Huntley, IL, Illinois, Illinois Department of Insurance, Illinois health insurance exchange, individual, individual health insurance, individual insurance, Individual Mandate, Individual Shared Responsibility, Individuals, insurance, Insurance benefit consultant, insurance broker, insurance industry, insurance news, insurance plan, Insurance Reform, IRS, Johnsburg, Kane, Kane County, Kendall, Kendall County, Key Findings ACA, Lake, Lake County, Lake in the Hills, Lakewood, Logan Square, Long Grove, McHenery, McHenry, McHenry County, Minimum Essential Coverage, Mount Prospect, Naperville, Navigator, new health care, New health insurance law ACA, North Aurora, North West Suburbs, Northern Illinois, Northwest Suburbs, Obama care, ObamaCare, Obamacare regulation, open enrollment, Palatine, Penalty, PPO, pre existing conditions, Richmond, Riverwoods, Rolling Meadows, Saint Charles, Schaumburg, self-insurance, single payer health care system, South Barrington, special enrollment, Streamwood, Sugar Grove, Tax, taxpayer dollars, the affordable care act, timeline, UHC, United Health Care, United Healthcare, UnitedHealthcare, Villa Park, Warrenville, Wasco, Wayne, West Chicago, Wheaton, Wicker Park, Will, Will County, Wood Dale, Woodstock Posted in Individual Health Insurance, Open Enrollment | Comments Off on IRS Grants Extension for 6055 and 6056 Reporting
Tuesday, January 26th, 2016
According to The Advocate:
“The Affordable Care Act is confusing and complicated, which means that health insurance agents and brokers are needed to help consumers pick the best plans for them, Kevin Counihan, chief executive officer of Healthcare.gov, said Monday.
“It’s got plenty of opportunity to be made a little bit better,” Counihan said. “And I’m very hopeful and confident that as we get more adults in Congress that they’re all going to sit down, the two sides together, and they’re going to address some of these issues.”
Counihan spoke to about 20 brokers and agents at an event hosted in Baton Rouge by the Louisiana Association of Health Underwriters.
(more…)
Tags: ACA, ACA requirements, advice, Advocate Heath Care, affordable care, Affordable Care Act, affordable health insurance, Albany Park, Algonquin, Andersonville, Arlington Heights, Atena, aurora, barack obama, Barrington, Barrington Hills, Bartlett, Broker, Bucktown, buffalo grove, buying insurance, care reform legislation, Carpentersville, Cary, Changeing Health Care, Chicago, Chicagoland, Cook, Cook County, Costs, coverage plan, deductibles, Deer Park, DeKalb, DeKalb County, Downers Grove, DuPage, DuPage County, employer health insurance, enroll, enrollment, family plan, Fox Valley, Hampshire, Harvard, health, health care benefits, health care costs, health care law, health care reform, health care system, health exemption, health insurance, health insurance costs, health insurance coverage, Health insurance exchange, health insurance marketplace, health insurance premiums, health insurance reform, Health Marketplace, health plan, health programs, health reform, health savings account, healthcare reform, healthcare.gov, Humana, Huntley, IL, Illinois, Illinois Department of Insurance, Illinois health insurance exchange, individual, Insurance benefit consultant, insurance broker, insurance industry, insurance news, insurance plan, Insurance Reform, Kane, Kane County, Kendall, Kendall County, Lake, Lake County, Lake View, Logan Square, Marketplace, McHenery, McHenry, McHenry County, Navigator, new health care, New health insurance law ACA, North Aurora, North West Suburbs, Northern Illinois, Northwest Suburbs, notices, Obama care, ObamaCare, Obamacare regulation, open enrollment, PPO, Producer, Schaumburg, sign up, Skokie, South Barrington, state health insurance, state legislatures, the affordable care act, UnitedHealthcare, Villa Park, West Chicago, Wicker Park, Will, Will County, workplace Posted in Affordable Care Act, Health Insurance News | Comments Off on Healthcare.gov CEO says insurance marketplace’s complexity argues for agents
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