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Posts Tagged ‘SHOP’

Amazon, JPMorgan, Berkshire create new company to tackle health care costs

Thursday, February 1st, 2018

The Chicago Tribune reports:

Three of corporate America’s heaviest hitters — Amazon, Warren Buffett and JPMorgan Chase — sent a shudder through the health industry Tuesday when they announced plans to jointly create a company to provide their employees with high-quality, affordable care.

The announcement was short on details about precisely what the independent company will do. But given the three players’ outsize influence — and Amazon’s ability to transform just about everything it touches — the alliance has the potential to shake up how Americans shop for health care, and the stocks of insurance companies, drug distributors and others slumped in reaction.

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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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BCBSIL to Stop Offering SHOP Plans (Small Group 1-50) Starting Jan. 1, 2018

Friday, August 4th, 2017

Blue Cross and Blue Shield reports:

“We want to let you know that Blue Cross and Blue Shield of Illinois (BCBSIL) will not be participating in the Federally Facilitated Small Business Health Options Program (FF-SHOP) marketplace with BCBSIL health insurance plans starting Jan. 1, 2018.

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Five States To Get Early Access To Small Business Health Insurance Marketplace

Wednesday, September 10th, 2014

Kaiser Health News reports:

“Businesses in five states will get an early look at the federal health insurance marketplace for small businesses, the Centers for Medicare and Medicaid announced Wednesday.

The states are Missouri, Illinois, Ohio, New Jersey and Delaware.

Businesses with fewer than 50 full-time workers in those states will be able to access the Small Business Health Options Program, or SHOP, in late October, ahead of the Nov. 15 start of open enrollment.

The five states were selected based on the agency’s analysis of state insurance markets and the availability of employee choice, among other factors, a department official said.

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Health Care For $4: Are You Ready For Walmart To Be Your Doctor?

Wednesday, September 3rd, 2014

Forbes reports:

“Goodbye, doctor’s office. Hello, Walmart?

Based on Walmart’s latest moves, it’s not as unlikely as it sounds.

After years of “Will they or won’t they?” discussion, Walmart is making its long-awaited move into delivering primary care: The retailer has quietly opened a half-dozen primary care clinics across South Carolina and Texas, and plans to launch six more before January.

The clinics will be staffed by nurse practitioners, in a partnership with QuadMed.

Walmart watchers know that the company already has more than 100 “retail clinics” across its stores, a strategy it’s pursued for years. So why fuss over a handful of new clinics?

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Small Firms Hit by Big Changes in Health Coverage

Wednesday, September 3rd, 2014

The Wall Street Journal reports:

“Businesses with fewer than 50 workers are exempt from the most stringent requirements for larger employers under the federal health-care law. But that doesn’t mean they’re off the hook entirely.

Smaller employers aren’t required under the Affordable Care Act to offer coverage for their full-time workers—as larger firms must by 2016 or face penalties, for instance. But many owners of small ventures and startup entrepreneurs are nonetheless facing big changes to how they obtain their own health coverage, as well as to the benefits they’re able to offer employees.

“It’s a myth that smaller firms aren’t being hit” by the health law, albeit in less obvious ways, says James Schutzer, president of the New York State Association of Health Underwriters, referring to employers with fewer than 50 workers.

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Insurer Interest in Offering Health Coverage in Illinois Rises

Tuesday, July 1st, 2014

Insurance Journal reports:

“Illinois officials say they’re seeing strong interest from insurance companies as they prepare for the second year of new coverage options under the nation’s new health care law.

The state Department of Insurance said that 10 insurance carriers have submitted 504 health plans for approval to be sold on the state’s marketplace for coverage in 2015.

That’s an increase compared to last year when eight insurance carriers offered 165 plans.

The insurance department didn’t release the names of the insurance companies. Prices also haven’t been announced.

The insurance department is reviewing the applications and will recommend which plans the U.S. Department of Health and Human Services should certify for sale in Illinois.

Consumers will be able to start shopping for coverage on Nov. 15.”

Why Employers Will Stop Offering Health Insurance

Friday, May 16th, 2014

The New York Times reports:

“Here’s a prediction: By 2025, “fewer than 20 percent of workers in the private sector will receive traditional employer-sponsored health insurance.” The source of this claim? Dr. Ezekiel J. Emanuel, in his just-published book, “Reinventing American Health Care.”

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