by Girish Anand | Mar 4, 2016 | ACA, Affordable Care Act, HHS
In a publication released this week, the Department of Health and Human Services (HHS) has raised out-of-pocket expenses under Obamacare health plans in 2017 to $7,150 for individuals and $14,300 for joint plans, up from the current levels of $6,850 and $13,700. The...
by Girish Anand | Mar 1, 2016 | ACA, Affordable Care Act, CMS, HHS
The risk corridor/reinsurance program of the Affordable Care Act (ACA) is expecting collections of $7.7 billion under the program this year to compensate insurance companies that suffered losses because of high claims in 2015. The Department of Health and Human...
by Girish Anand | Feb 29, 2016 | Affordable Care Act, CMS, Health Care Reform
After big insurers like UnitedHealthcare threatened to leave the Obamacare exchanges because of abuse of the system, the Centers for Medicare and Medicaid Services (CMS) announced this past week that it was creating a Special Enrollment Period (SEP) Confirmation...
by Girish Anand | Feb 10, 2016 | ACA, Affordable Care Act, Obamacare, PPACA
Though it’s been labeled pretty much dead on arrival, President Obama’s budget for 2017 includes a request for funds to allow new states to expand their Medicaid rolls under the Affordable Care Act (ACA) with a two-year free ride. The original ACA...
by Girish Anand | Feb 5, 2016 | ACA, Affordable Care Act, Obamacare
On Jan. 31, Open Enrollment for 2016 coverage ended, with about 12.7 million plan selections through the Health Insurance Marketplaces, the Department of Health and Human Services (HHS) is reporting. Of the 12.7 million consumers enrolling in marketplace coverage,...
by Girish Anand | Jan 20, 2016 | ACA, Affordable Care Act, CMS, Obamacare
UnitedHealth Group Inc., the nation’s largest health insurer which last year said it might withdraw from the Obamacare insurance exchanges, this week increased projected 2016 Affordable Care Act (ACA) losses from $400 million to $500 million. Humana Inc. also...