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Posts Tagged ‘Woodridge’

Amazon Takes Aim at Disrupting the Healthcare Industry

Thursday, February 1st, 2018

Consumer Reports reports:

“The e-commerce giant becomes the latest corporation trying to tackle the high cost of employee medical care

(more…)

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…)

Canadian Health Care: Patients Waiting Longer Than Ever For Treatment

Monday, January 11th, 2016

Investors Business Daily Reports:

Socialist Medicine: Canadians love their hockey and have historically been happy with their government-run health care system. Hockey is thriving. The country’s health care system, though, is a wreck and getting worse.

It could be said the words “Canada” and “health care” really don’t go together because some Canadians never make it to the doctor.

Too many die untreated due to extended wait times to see a doctor, and those wait times have increased again this year. They are now almost twice as long as they were in 1993, the year Hillary Clinton tried to force government health care on Americans. (more…)

Illinois Medicaid enrollment jumps under Obamacare

Wednesday, September 16th, 2015

Crain’s Chicago Business reports:

 Illinois is among a dozen states where the number of new enrollees surpassed projections for the expansion of Medicaid under Obamacare. While the surge in signups lifts the number of insured people, it has also stoked worries about the future cost to taxpayers.

Illinois and Cook County eventually will have to bear 10 percent of the cost of expanding the safety-net insurance program for the poor. The federal government agreed to pay all costs for the expansion through 2016, but it will begin lowering its share in 2017.

(more…)

High deductible plans have more people delaying treatment

Monday, January 12th, 2015

Yahoo Finance reports:

“As the cost of health care rises, more and more Americans in nearly every economic class are choosing to delay medical treatment because they can’t afford it.
A new Gallup poll released Friday found that about one in three Americans say they have put off treatment for themselves or a family member because of cost—the highest rate recorded in Gallup’s history.

(more…)

IRS Gears up for Impact of Health Care Reform on Tax Season

Friday, October 3rd, 2014

Accounting Today reports:

“Internal Revenue Service commissioner John Koskinen told a congressional subcommittee about the IRS’s progress on the Affordable Care Act and the impact that tax subsidies will have next tax season.

In a hearing before the House Ways and Means Health Subcommittee on Wednesday, Koskinen talked about how the IRS would be processing the premium tax credit, which helps subsidize the cost of health insurance coverage for eligible taxpayers.

(more…)

When It’s Time to Get Off Your Parents’ Health Plan

Tuesday, February 18th, 2014

Yahoo Finance reports:

“One provision of the Affordable Care Act that has garnered pretty universal praise is the policy change allowing young adults to remain on their parents’ health insurance plans through age 26. Previously, young adults were knocked off the plans at age 19. (Full-time students were able to stay on until age 22.) (more…)

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