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Posts Tagged ‘Patient Protection’

The Affordable Care Act is ruled unconstitutional by a federal judge, may set up a new showdown at the Supreme Court

Thursday, January 3rd, 2019

CNBC reports:

A federal judge in Texas ruled on Friday the Affordable Care Act unconstitutional, potentially threatening health-care coverage for millions of Americans and setting up a new legal showdown over former President Barack Obama’s signature policy initiative.

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Fact Sheet: Short-Term, Limited-Duration Insurance Final Rule

Thursday, August 2nd, 2018

CMS.gov 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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Illinois insurers seek premium increases of up to 45%

Tuesday, August 2nd, 2016

The Chicago Sun Times reports:

“Health insurance premiums for Illinois residents who buy coverage through the Affordable Care Act’s marketplace could increase by as much as 45 percent according to proposals submitted by insurers and made public Monday.

The leading insurer on Illinois’ exchange, Blue Cross Blue Shield, is proposing increases for 2017 ranging from 23 percent to 45 percent for individual health care plans, according to proposals posted by Healthcare.gov. Another insurer, Coventry Health Care of Illinois, proposed rate increases as high as 21 percent.

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PPACA HIT repeal bill gaining steam

Monday, May 4th, 2015

Benefits Pro reports:

“A funding mechanism included in the Patient Protection and Affordable Care Actis gaining steam in the House of Representatives, leading to a round of huzzahs from the small business community.

Because affordable care for all will only be affordable if someone underwrites its true cost, the law includes various taxes and assessments designed to sustain the insurers that offer low-premium coverage. Among them: The Health Insurance Tax, targeting small businesses.

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Ready for a 255% premium hike?

Monday, March 2nd, 2015

Benefits Pro reports:

“Supreme Court ruling killing PPACA subsidies may cause premiums to skyrocket.

If the U.S. Supreme Court rules that federal subsidies under the Patient Protection and Affordable Care Act are invalid, 7.5 million Americans could face an average premium increase of 255 percent this year. And some could face an increase as much as 779 percent.

That’s the dire warning from consulting firm Avalere Health on the impact that the King vs. Burwell case could have on consumers. Arguments in the case begin March 4.

Avalere said 87 percent of federal exchange customers receive a subsidy. Therefore, the firm said killing the subsidies would cause “average monthly premium contributions for enrollees” to potentially increase “between 122 percent and 774 percent, depending on the state.” Residents in Alaska and Mississippi would see the highest percentage increases in their premium contributions, if the court rules in favor of the plaintiffs.

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Individual mandate raises taxing questions

Monday, January 12th, 2015

BenefitsPro reports:

“2015 marks the first year that taxpayers will have to prove they have health insurance or, if they don’t, they’ll have to pay a penalty. But how is the proof presented?

About half the adult population might not know the answer to this, according to a Harris Poll commissioned by Intuit TurboTax. The TurboTax folks had Harris poll more than 2,000 adults, and 48 percent didn’t know they’ll be required to declare their health coverage status on their 2014 tax return.

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What a GOP Senate could mean for PPACA

Tuesday, November 4th, 2014

Benefits Pro reports:

“Midterm elections will be here next week, and the Patient Protection and Affordable Care Act is still on the minds of voters and candidates.

According to Kaiser Family Foundation, Democrats and Republicans are using PPACA to tell their stories in very different ways. Of GOP health care ads, 84 percent mentioned PPACA — and every ad cast the law in a negative light. Meanwhile, just 15 percent of Democratic ads on health care issues included messaging on the law.

So the big question is: What will happen to PPACA if Republicans take control of the Senate after next week’s election?

We asked some industry experts to weigh in and predict PPACA’s fate. Here’s what they said.

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CBO: Cost of Obamacare Subsidy Will Increase 8-Fold in 10 Years

Friday, October 3rd, 2014

Fox News reports:

“The cost of the Obamacare subsidy that the U.S. Treasury will pay on behalf of people who earn under 400 percent of the federal poverty level and who buy a government-approved health-care plan on a government-run health-insurance exchange will increase by approximately 8-fold in its first ten years of operation, according to the latest budget estimate from the Congressional Budget Office.

Medicaid spending will double in the first ten years of full implementation of Obamacare, according to the CBO estimates.

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PPACA preventive services not so free

Wednesday, September 3rd, 2014

Benefits Pro reports:

“The U.S. Department of Health and Human Services (HHS) made the Patient Protection and Affordable Care Act (PPACA) basic preventive services package famous by putting a controversial mandate — for “free” birth control benefits — in the package.

Consumer groups say patients are having trouble using the other, less controversial benefits in the package, such as access to checkups, vaccinations and some cancer screenings.

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