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Posts Tagged ‘small businesses’

9 Health Insurance Acronyms Small Business Owners Should Know

Wednesday, August 21st, 2019

Small Business Trends reports:

“Many health insurance acronyms float around these days. In the past, people counted on essentially two health care options. They included traditional group health insurance and, for seniors, Medicare. Today, you’ll find a number of health care options. Some of which specifically limit themselves to small businesses. The array of options may confuse you because of the many names used to describe them.

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Lower costs, fewer benefits in new health insurance option

Tuesday, June 19th, 2018

AP News reports:

“The Trump administration’s new health insurance option offers lower premiums for small businesses and self-employed people, but the policies are likely to cover fewer benefits.

Another caveat: if healthy people flock to the new plans as expected, premiums will rise for those who need comprehensive coverage.

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Trump administration releases association health plan rule

Friday, February 2nd, 2018

Axios reports:

“The Department of Health and Human Services has posted its long-awaited proposed rule to make it easier to form “association health plans,” aimed at groups of workers who team up to get better deals on health insurance. Among other things, the rule would encourage these kinds of plans by removing the requirement that says associations have to have a purpose besides health insurance.

The bottom line: The rule says its goal is to help small businesses buy health coverage more easily, but the bigger question is whether they’d pull healthy people out of the Affordable Care Act exchanges.”

You think your health insurance costs too much. Try being a farmer.

Wednesday, October 11th, 2017

Crains Chicago Business reports:

“John Kiefner, who farms 500 acres of hay in exurban Will County, has had health insurance from five companies in the past four years. One of them wouldn’t allow his wife and him to visit any of their own doctors. Another wouldn’t cover visits to the nearest hospital because it was out of network. All of them kept raising his premiums by 20 percent and more annually.

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Got health insurance? That doesn’t mean you’ll be able to pay your medical bills.

Wednesday, March 8th, 2017

The Miami Herald reports:

“Hospitals around the country are reporting record levels of debt on their books from an unlikely source: patients with health care coverage.

As health insurers and employers have shifted health care costs to patients through high deductibles and other out-of-pocket expenses, people who in the past may not have worried about paying for a hospital visit or a surgical procedure are getting hit with massive medical bills that they can’t pay.

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Large employers stick with employee health plans, small businesses another story

Tuesday, August 2nd, 2016

Benefits Pro reports:

“Large employers continue to believe in the value of sponsored health benefits for employees, despite the options available to them under the Affordable Care Act. But small employers are increasingly choosing to pull out of the health benefits business.

That’s what a survey from the Employee Benefits Research Institute (EBRI) found when it examined the percentage of employers offering health insurance from 2008 to 2015. Using data from the Medical Expenditure Panel Survey — Insurance Component, EBRI reported that nearly 100 percent of the largest employers (those with 1,000 or more employees) have continued to offer health insurance through the ups and downs and gyrations of the past seven years.

 

How I Was Wrong About ObamaCare

Tuesday, August 2nd, 2016

The Wall Street Journal reports:

“I was wrong. Wrong about an important part of ObamaCare.

When I joined the Obama White House to advise the president on health-care policy as the only physician on the National Economic Council, I was deeply committed to developing the best health-care reform we could to expand coverage, improve quality and bring down costs. We worked for months to pass this landmark legislation, and I still count celebrating the passage of the Affordable Care Act with the president one balmy spring night in 2010 as one of my greatest Washington memories.

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