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Keyword: exchanges

Brevity: Headers | « Text »
  • Obamacare Endures the Death of a Thousand Facts

    11/23/2015 3:42:52 AM PST · by rootin tootin · 17 replies
    American Spectator ^ | 11/23/2015 | David Catron
    Until the 19th century, the Chinese practiced a method of torture called lingchi. Better known as “death by a thousand cuts” it involved slicing small pieces of flesh from a victim’s body, one by one, so that death was both protracted and utterly excruciating. This is what the realities of economics are doing to the Patient Protection and Affordable Care Act. The authors of health care “reform” believed they could ignore the dismal science. The laws of economics have rewarded this hubris by ruthlessly inflicting fact after agonizing fact on Obamacare. And, like all lingchi victims, it will eventually succumb....
  • Obama-Scare: Biggest US health insurer might leave exchanges

    11/19/2015 5:10:43 PM PST · by lbryce · 10 replies
    Fox ^ | November 19, 2015 | Staff
    The nation’s largest health insurer fired a shot across the bow of ObamaCare on Thursday, citing flagging enrollment and high-risk customers in suggesting it may have to pull out of the exchanges in 2017. UnitedHealth Group raised the alarm in an earnings update Thursday morning, with CEO Stephen J. Hemsley warning of dimming conditions in the market. He pointed to lower enrollment forecasts and a concern that the exchanges are increasingly taking on less healthy – and therefore more costly – customers. “In recent weeks, growth expectations for individual exchange participation have tempered industrywide, co-operatives have failed, and market data...
  • GOP senator: HHS answers on ObamaCare co-ops not enough

    11/19/2015 8:55:26 PM PST · by Brad from Tennessee · 5 replies
    The Hill ^ | November 19, 2015 | By Peter Sullivan
    Sen. Ben Sasse (R-Neb.) said Thursday that he is not satisfied with a new letter from the Obama administration about ObamaCare co-ops, and is continuing to block the confirmation of health-related nominees. The Nebraska senator has vowed to block confirmation of all nominees to the Department of Health and Human Services until he gets the answers he wants about the failure of ObamaCare’s co-op health plans. Twelve of the 23 co-ops — nonprofit health insurers set up under ObamaCare and meant to compete with established companies — have failed because of financial problems. Sasse has written a series of letters...
  • Did New York’s Obamacare Co-op Deliberately Mislead Regulators? (Pelosi knew)

    11/01/2015 3:38:24 AM PST · by Libloather · 7 replies
    Daily Caller ^ | 10/30/15 | Richard Pollock
    **SNIP** The statement said "a subsequent NYDFS and CMS-led review of Health Republic's finances has found that the company's financial condition is substantially worse than the company previously reported in its filings to NYDFS." The statement provided no further details on the new discoveries regarding the co-op, which received the largest single federal loan under the Obamacare health reform law. In addition to its original $265 million, the co-op received another $90 million in an emergency solvency loan funds from federal officials in September 2014. The co-op previously reported it was burning through money at a disastrous rate. Its 2014...
  • Obamacare Is A Disaster: Co-Op Insurers Across America Are Collapsing, And Now There Is Fraud

    10/31/2015 11:32:41 AM PDT · by Lorianne · 57 replies
    Zero Hedge ^ | 30 October 2015 | Tyler Durden
    Two weeks ago we reported that in what at the time was still a rather isolated incident, Colorado's largest nonprofit health insurer (aka co-op), Colorado HealthOP is abruptly shutting down, forcing 80,000 Coloradans to find a new insurer for 2016. At the time, we said that the health insurer had been decertified by the Division of Insurance as an eligible insurance company because the cooperative relied on federal support, and federal authorities announced last month they wouldn't be able to pay most of what they owed in a program designed to help health insurance co-ops get established. In other words,...
  • NO FIXING THEM: Dead enrolled in NY's health exchange

    10/29/2015 11:45:06 AM PDT · by Behind Liberal Lines · 18 replies
    Binghamton Press and Sun-Bulletin | 1:44 p.m. EDT October 29, 2015 | Joseph Spector, jspector@gannett.com
    Gannett, so link only: http://www.pressconnects.com/story/news/local/new-york/2015/10/29/dead-entolled-health-exchange/74807200/
  • Your Health Plan Will Now Self-Destruct (10 Zerocare co-ops cancel 2016 plans)

    10/29/2015 8:06:04 AM PDT · by Olog-hai · 3 replies
    Bloomberg Businessweek | October 29, 2015 — 6:00 AM EDT | John Tozzi
    Link only: http://www.bloomberg.com/news/articles/2015-10-29/your-health-plan-will-now-self-destruct
  • Massive shortfall in government payouts to insurance companies promises big premium increases

    10/27/2015 7:50:49 AM PDT · by SeekAndFind · 13 replies
    American Thinker ^ | 10/27/2015 | Rick Moran
    The government program to reimburse insurance companies with big losses as a result of signing up too many old and sick customers is massively short of funds and could cause some companies to either go under or get out of the Obamacare exchanges. The so-called "risk corridors" that forced profitable companies to pay into a fund that would be disbursed to companies who lost money is underfunded by 88% and will almost certainly lead to big changes in premiums and consumer choice on the exchanges. Washington Examiner: Obamacare insurers requested about $2.9 billion in risk corridor payments for the...
  • Anthem Blue Cross Blue Shield cuts individual plans from health exchange in parts of Wisconsin

    10/26/2015 7:39:30 PM PDT · by Extremely Extreme Extremist · 15 replies
    WBAY.COM ^ | 19 OCTOBER 2015 | Steve Schuster
    Anthem, the Blue Cross and Blue Shield (BCBS) licensee in Wisconsin, has decided to completely pull out of the health care exchange (individual plans) market place in Milwaukee, Racine and Kenosha counties starting January. Anthem is also significantly cutting back on the number of available exchange plans in 34 Wisconsin counties, which include the Fox Valley, according to Scott Larrivee, Public Relations Director at Anthem Blue Cross and Blue Shield in Wisconsin. Anthem individual members in these [Milwaukee, Kenosha and Racine] counties will need to select a new health insurance plan with a different company for 2016, Larrivee said, noting...
  • Missing Money? Report questions how states spent ObamaCare funds (Pelosi knew)

    10/25/2015 4:17:06 AM PDT · by Libloather · 19 replies
    Fox News ^ | 10/25/15 | Hollie McKay
    **SNIP** About $4.6 billion was given to these 17 recipients, including California, New York, Washington state and Kentucky. But the GAO report found that so far, just $1.4 billion of that has been spent on IT projects, and a total of $3 billion has been spent or drawn down, though not all the spending is detailed. That, then, leaves at least $1.6 billion unaccounted for. Yet only three states returned any portion of the money a total of just over $1 million was given back. [T]he specific amount spent on marketplace-related projects was uncertain, as only a selected number...
  • Feds Hide Secret List Of 11 Staggering Obamacare Insurers

    10/19/2015 2:40:32 AM PDT · by markomalley · 8 replies
    Daily Caller ^ | 10/19/15 | Richard Pollock
    Federal officials have a secret list of 11 Obamacare health insurance co-ops they fear are on the verge of failure, but they refuse to disclose them to the public or to Congress, a Daily Caller News Foundation investigation has learned.Just in the last three weeks, five of the original 24 Obamacare co-ops announced plans to close, bringing the total of failures to nine barely two years after their launch with $2 billion in start-up capital from the taxpayers under the Affordable Care Act.All 24 received 15-year loans in varying amounts to offer health insurance to poor and low income customers...
  • Eight ObamaCare Co-Ops Failed; Are 11 More On The Way?

    10/20/2015 5:42:58 AM PDT · by IBD editorial writer · 8 replies
    Investor's Business Daily ^ | 10/20/2015 | John Merline
    Last week, the total number of failed ObamaCare-created insurance co-ops reached eight, as co-ops in Colorado and Oregon announced that they were closing doors at the end of the year.
  • CO-OP FLOP: The Biggest Obamacare Disaster Youve Never Heard About

    10/18/2015 4:25:03 AM PDT · by SkyPilot · 15 replies
    The Daily Caller ^ | 16 Oct 15 | Mark Tapscott
    Its an Obamacare story with every imaginable outrage blatant conflicts of interest, millions of tax dollars going to political cronies, thousands of Americans left without health insurance, lavish pay for incompetent executives, federal funds diverted illegally, multiple congressional investigations, insider trading convictions and big decisions made behind closed doors. Tragically, there is even a child abuser. But search the New York Times web site for Obamacare co-ops and nothing comes up. Just three entries appear for the same search on the Washington Post web site. Not so, Richard Pollock of the Daily Caller News Foundations Investigative Group. Pollock has...
  • Obamacare's Latest Casualty: Largest Health Insurer On Colorado Exchange Abruptly Collapses

    10/16/2015 3:41:56 PM PDT · by smartyaz · 53 replies
    Zero Hedge ^ | 10/16/15 | Tyler Durden
    With the mainstream media, at least the majority that is left of center, flooded with story after story touting Obamacare's success, the news coming this morning from Denver that Colorado's largest nonprofit health insurer and participant in that state's insurance exchange Colorado HealthOP is abruptly shutting down, forcing 80,000 Coloradans to find a new insurer for 2016, was a slap in the face for the Obama administration's crowning achievement. According to AP, the health insurer announced Friday that the state Division of Insurance has de-certified it as an eligible insurance company. That's because the cooperative relied on federal support, and...
  • Two more Obamacare health insurance plans collapse

    10/16/2015 4:11:27 PM PDT · by nuconvert · 20 replies
    Washington Post ^ | Oct. 16, 2015
    Nearly a third of the innovative health insurance plans created under the Affordable Care Act will be out of business at the end of 2015, following announcements Friday that plans in Oregon and Colorado are folding. In just the past week, four co-ops, as the nonprofit plans are known, have decided or been ordered to shut down. Their demise means that eight of the 23 co-ops in existence a year ago will be unavailable to consumers shopping for 2016 coverage through insurance marketplaces created under the ACA
  • Obamacares Mysterious Missing Billions

    10/15/2015 7:54:03 AM PDT · by Kaslin · 53 replies
    Townhall.com ^ | October 15, 2015 | Mytheos Holt
    Obamacare, depending on who you ask in the GOP, is either a calculated Trojan Horse designed to collapse and release single payer health care upon the American public, a flawed piece of legislation that needs badly to be revised, or the greatest evil inflicted on the American public since slavery. But what if it was something far simpler: namely, free money for Democrats? A recent report by the Government Accountability Office (GAO) to congressional requesters provided to this author suggests that this explanation may, in fact, be the correct one. Buried in the documents appendices is a stunning statistic. Out...
  • ObamaCare exchanges collapsing, enrollment plummeting

    10/14/2015 7:14:24 AM PDT · by Sean_Anthony · 17 replies
    Canada Free Press ^ | 10/14/15 | Dan Calabrese
    Four exchanges insolvent, 11 receive warning letters . . . and nearly 2 million enrollees aren't paying their subsidized premiums Gosh, who saw this coming? The federal government sets up an artificial market for selling health insurance, sets the prices, subsidizes the premiums, goads people to buy whove never before been able to afford it, forbids profits and bans anyone who actually knows what theyre doing from running the darn things. How could that possibly fail? Quite spectacularly as it turns out. While the mainstream media ignores all of the following, lest it stumble in its role as Democrat campaign...
  • Obama Lied, My Health Plan Died ... Twice!

    10/14/2015 4:28:58 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | October 14, 2015 | Michelle Malkin
    It's deja screwed all over again. In the fall of 2013, our family received notice from Anthem Blue Cross Blue Shield of Colorado that we could no longer keep our private health insurance plan because of "changes from health care reform (also called the Affordable Care Act or ACA)."We liked our high-deductible preferred provider organization plan that allowed us to choose from a wide range of doctors. But Obamacare wouldn't let us keep it. Reluctantly, and after great bureaucratic difficulty, my hubby and I enrolled in an individual market plan with Rocky Mountain Health, which offered a much narrower provider...
  • Kentucky Health Cooperative going out of business; 51,000 insurance customers affected

    10/10/2015 8:35:04 AM PDT · by Republican Wildcat · 12 replies
    Lexington Herald-Leader ^ | 10/9/2015 | JACK BRAMMER
    FRANKFORT The largest private provider of health insurance policies on Kynect, Kentucky's health insurance exchange, is going out of business. The Louisville-based Kentucky Health Cooperative Inc. announced Friday that it will end current memberships on Dec. 31 and will not add new members because of financial problems. It will not offer health insurance plans on Kynect when open enrollment for 2016 coverage starts on Nov. 1. The cooperative has about 51,000 members in all 120 Kentucky counties. ... Jonathan Gold, press secretary for the U.S. Department of Health and Human Services, said in an email that the federal government...
  • Obamacares Blue State Money Laundry

    09/14/2015 9:25:18 AM PDT · by rootin tootin · 6 replies
    American Spectator ^ | 9/14/2015 | David Catron
    When Marylands Attorney General announced last summer that his office had negotiated a settlement whereby $45 million would be recouped from the IT contractor that botched the states Obamacare exchange, it was widely reported as good news for taxpayers. It appeared that their investment in the mismanaged project would not be a dead loss. But the AGs statement included this curious passage: The agreement will lead to the recovery of funds for both Maryland and the federal Centers for Medicare and Medicaid Services [CMS]. Whats so odd about that? Well, the state didnt contribute any money to the project. All...
  • Scalia leads scathing dissent on ObamaCare ruling, dubs law 'SCOTUScare'

    06/25/2015 8:45:29 AM PDT · by Servant of the Cross · 58 replies
    FoxNews ^ | 6/25/2015 | FoxNews
    We should just start calling this law SCOTUScare, Scalia wrote, referring to the several times the high court has ruled on controversial parts of ObamaCare. Scalia blasted that reading. The court holds that when the Patient Protection and Affordable Care Act says Exchange established by the State it means Exchange established by the State or the Federal Government, Scalia wrote. That is of course quite absurd, and the courts 21 pages of explanation make it no less so.
  • Obamacares Architect Agreed That Only State Exchanges Could Offer Subsidies [from 2014]

    06/25/2015 10:09:33 AM PDT · by markomalley · 5 replies
    National Review ^ | 7-25-14 | Veronique de Rugy
    Tonight, Reasons Peter Sudermanpublishedaninteresting revelation about the history of the decision reached this week by the D.C. Circuit Court of Appeals, that Obamacare subsidies couldnt be distributed unless it happened through a state exchange. It turns out that one of the key minds behind Obamacare, MIT professor Jonathan Gruber, entirely agreed with Michael Cannon and Jonathan Adler, the scholars behind thelegal theorythat backed up the Halbig plaintiffs who triumphed this week. Hes on the record explaining that Obamacare subsidies are limited to state exchanges. Suderman writes: Jonathan Gruber, a Massachusetts Institute of Technology economist who helped design the Massachusetts health...
  • As SCOTUS Upholds Affordable Care Act, MN GOP Calls For MNsures Demise

    06/25/2015 4:52:25 PM PDT · by Extremely Extreme Extremist · 6 replies
    WCCO.COM ^ | 25 JUNE 2015 | WCCO.COM
    MINNEAPOLIS (WCCO) Despite the U.S. Supreme Court ruling upholding the Affordable Care Act, Minnesota critics of the health care law are not ending their fight to repeal it. And state Republican leaders are calling for an immediate halt to any more spending on MNsure, the states health care exchange. Theres no reason to continue throwing good money after bad at this point, Minnesota State Rep. Tara Mack said.
  • BREAKING: Healthcare subsidies upheld by SCOTUS

    06/25/2015 7:09:40 AM PDT · by GIdget2004 · 614 replies
    SCOTUS Blog ^ | 06/25/2015 | SCOUTSBLOG
    Six are the Chief, Kennedy, Ginsburg, Breyer, Sotomayor, and Kagan.

    06/25/2015 8:00:06 AM PDT · by Kazan · 109 replies
    Associated Press ^ | 6/25/2015 | Mark Sherman
    WASHINGTON (AP) -- The Supreme Court on Thursday upheld the nationwide tax subsidies under President Barack Obama's health care overhaul, in a ruling that preserves health insurance for millions of Americans. The justices said in a 6-3 ruling that the subsidies that 8.7 million people currently receive to make insurance affordable do not depend on where they live, under the 2010 health care law.< The outcome is the second major victory for Obama in politically charged Supreme Court tests of his most significant domestic achievement. It came the same day the court gave the administration an unexpected victory by preserving...
  • Supreme Court upholds nationwide health care law subsidies

    06/25/2015 7:59:51 AM PDT · by Dr. Thorne · 91 replies
    AP ^ | 6/25/2015 | Mark Sherman
    WASHINGTON (AP) -- The Supreme Court on Thursday upheld the nationwide tax subsidies under President Barack Obama's health care overhaul, in a ruling that preserves health insurance for millions of Americans. The justices said in a 6-3 ruling that the subsidies that 8.7 million people currently receive to make insurance affordable do not depend on where they live, under the 2010 health care law.
  • Obamacare Ruling May Have Just Killed State-Based Exchanges

    06/25/2015 8:28:26 AM PDT · by Theoria · 49 replies
    The New York Times ^ | 25 June 2015 | Margot Sanger-Katz
    Now that the Supreme Court has ruled that health insurance consumers can receive federal subsidies regardless of their states role in running their insurance market, fewer states may stay in the game.When the Affordable Care Act passed in 2010, most people expected that each state would want to run its own health insurance marketplace. That never really happened, as many states opted to let the federal system, HealthCare.gov, do the work for them. Many of those states that did try running their own marketplaces are starting to think twice.Now, with the Supreme Court ensuring that every states consumers will have...
  • Oregon dumps cold water on low Obamacare rates

    06/22/2015 4:15:14 PM PDT · by Oldeconomybuyer · 15 replies
    CNBC ^ | June 22, 2015 | by Dan Mangan
    They wanted their Obamacare prices to be lowbut the state said "no." The state of Oregon reportedly has ordered a number of insurers to raise proposed Obamacare premiums for 2016 after some of those companies asked for rates that were only moderately higher, if not lower than this year. Now, many Obamacare customers there are looking at likely double-digit percentage rate increases after having experienced some of "the lowest premiums in the nation," the Oregonian noted. For example, Oregon's Health CO-OP asked for a 5.3-percent average rate increase for next year, but the state's preliminary decision calls for a 19.9...
  • After Multiple Enrollment Failures, Hawaii Dumps State Obamacare Exchange

    06/08/2015 4:58:23 AM PDT · by Servant of the Cross · 3 replies
    Townhall.com ^ | 6/8/2015 | Katie Pavlich
    Last week Americans For Tax Reform released new information showing that during Hawaii's special Obamacare enrollment period, zero people enrolled. The total state cost for the exchange sits at more than $200 million. While Hawaii enrolled zero individuals and is the worst performing state, it is not alone. Vermont signed up only 97 households, while Rhode Island enrolled just 25 households. Hawaiis dismal performance should not be surprising. The website cost taxpayers $205 million but could only enroll 8,592 individuals in year one. Cost to taxpayers per enroll: $23,899. The state legislature recently rejected a $28 million bailout for the...
  • NYT: In Vermont, ObamaCare flopped so bad it even killed single payer

    06/04/2015 5:36:51 PM PDT · by SeekAndFind · 16 replies
    Hotair ^ | 06/04/2015 | Ed Morrissey
    When Barack Obama and Democrats on Capitol Hill first rolled out ObamaCare, conservatives warned that the program was so badly designed that it couldn’t possibly be on the level. Instead, people assumed that Democrats intended ObamaCare to fail — so that the only possible choice would be a single-payer system of socialized medicine. Even after Democrats reluctantly eliminated the “public option,” opponents insisted that the intended end game was failure so bad that it would destroy private insurance and leave nothing but the federal government to pick up the pieces.The problem with that strategy, if indeed that was the...
  • Blue Shield of California: Down But Not Out

    06/04/2015 10:42:00 AM PDT · by Rona Badger
    The American Medical Money Machine ^ | June 4, 2015 | James R. Goldberg
    Quietly, in August 2014, one of the largest health insurance companies lost their tax exempt status in the State of California: Blue Shield of California. Established in 1938, its been well known for years that this company and its real owner, California Physicians Service, Inc. (CPS), quietly scooped up billions in tax exempt revenue. They also managed to confound the government even further by calling themselves a Foundation! The California State Franchise Tax Board is known to be ruthless in hunting down fraud. Finally, after decades of deceit, Blue Shields tax evasion scam got the axe. But that isnt stopping...
  • Alabamas ObamaCare health insurance exchange prices set to skyrocket

    06/02/2015 4:25:28 PM PDT · by Oldeconomybuyer · 12 replies
    Yellowhammer News ^ | June 2, 2015 | BY ELIZABETH BESHEARS
    BIRMINGHAM, Ala. Alabama health insurance providers who offer plans on the ObamaCare exchange are seeking significant price increases this year, after healthcare costs took a sharp upward turn. Blue Cross Blue Shield of Alabama is reportedly requesting an average of a 28 percent increase for its individual plans, as well as a 73 percent increase for its platinum plan. Small group plans could also increase by nearly 14 percent. UnitedHealthcare is seeking a 24.5 percent increase for its 2016 rates.
  • Obamacare sticker shock: Big rate hikes proposed for 2016

    06/02/2015 4:18:37 PM PDT · by Oldeconomybuyer · 17 replies
    CNN ^ | June 2, 2015 | By Tami Luhby
    Hold onto your wallets ... many insurers want to substantially hike rates on Obamacare policies for 2016. Many are proposing double-digit premium increases for individual policies, with some companies looking to boost rates more than 60%, according to a list posted Monday by the federal Centers for Medicare & Medicaid Services. Insurers say they want to hike rates because enrollees are going to the doctor, getting lab work and filling prescriptions more than they had originally anticipated. "We've seen a great pent-up demand for services," said Aaron Billger, spokesman for Highmark, a Blue Cross Blue Shield licensee offering plans in...
  • Insurers request big rate hikes, citing coming Medicaid changes

    06/03/2015 11:41:43 AM PDT · by Oldeconomybuyer · 12 replies
    New Hampshire Union Leader ^ | June 2, 2015 | By MARK HAYWARD
    Two insurance carriers on the Obamacare exchange are attributing proposed double-digit premium increases to next years private-market alterations to the New Hampshire Medicaid program. Minuteman Health Inc. has requested rate increases ranging from 42 to 51 percent for next year, according to healthcare.gov. Maine Community Health Options asked for premium increases between 19 and 22 percent. Both companies attributed their proposed increases in part to the Premium Assistance Program, the name for the Medicaid expansion program that is scheduled to go into effect on Jan. 1. Maine Community estimated that claims from the Medicaid patients will be 61 percent higher...
  • Cash-strapped State ObamaCare Exchanges Considering Mergers

    05/31/2015 6:06:25 AM PDT · by VitacoreVision · 19 replies
    The New American ^ | 31 May 2015 | Michael Tennant
    State ObamaCare exchanges are fast running out of cash because of higher-than-expected costs and lower-than-expected enrollment. In an attempt to keep their heads above water, many exchanges are considering combining some of their operations with those of other states a tactic that may prove as difficult as setting up the exchanges in the first place and that raises the specter of fully nationalized health insurance.The Obama administration, under the terms of the Affordable Care Act (ACA), disbursed about $5 billion in subsidies to states to get their exchanges up and running. After that, the exchanges were supposed to be...
  • GOP likely to feel the heat if court decision guts Obamacare [Who gave us this ACA mess?]

    05/26/2015 3:41:19 AM PDT · by Cincinatus' Wife · 59 replies
    Houston Chronicle ^ | May 26, 2015 | RICARDO ALONSO-ZALDIVAR
    WASHINGTON (AP) A Supreme Court ruling due in a few weeks could wipe out health insurance for millions of people covered by President Barack Obama's health care law. But it's Republicans not White House officials who have been talking about damage control. [snip] BAD TIMING [snip] HOUSE OF CARDS [snip] STICKER SHOCK FOR SELF-PAY CUSTOMERS [snip] REPUBLICANS TO THE RESCUE? [snip]
  • No biggie: Your Obamacare premiums are going up. Way up in some cases.

    05/24/2015 6:24:57 AM PDT · by SeekAndFind · 14 replies
    Hotair ^ | 05/23/2015 | Jazz Shaw
    The “Affordable” Care Act may be looking for a new name in the near future. As Fox News and the Wall Street Journal are reporting, the next round of health care premium cost adjustments are coming down the pike, and you’ll never guess where things are heading. Okay… you probably guessed already. The Wall Street Journal is reporting today that Obamacare rates are about to shoot up, in some cases as much as 40%. The rate increases requested by insurance carriers vary state by state, but the overall picture is bad.“In New Mexico, market leader Health Care Service Corp....
  • Survey finds 3 out of 4 satisfied with their ObamaCare plans

    05/23/2015 10:07:52 AM PDT · by upchuck · 37 replies
    The Hill ^ | May 21, 2015 | Sarah Ferris
    The vast majority of people who bought health insurance through ObamaCare exchanges are satisfied with their plans, according to a new national survey.People overwhelmingly said they felt positively about their choices of doctors and hospitals and their copays for appointments and prescriptions, delivering good news for the Obama administration one year into the law's rollout.More surprisingly, that satisfaction also extended to peoples monthly premiums and annual deductibles, according to data from the Kaiser Family Foundation.Sixty percent of ObamaCare customers said they were satisfied or very satisfied with their monthly premium costs more than people who bought coverage before the...
  • Obamacare May Force Some Insurers to Boost Their Premiums an Alarming Amount

    05/22/2015 10:48:33 PM PDT · by Cincinatus' Wife · 55 replies
    Slate ^ | May 22, 2015 | Mark Joseph Stern
    On the whole, the Affordable Care Act is working pretty well, getting more people insured and increasing the quality of insurance overall. But on Thursday, the Wall Street Journal reported an alarming development: Health insurers on many state exchanges are looking to boost their premiums a ridiculous amount in 2016. New Mexico's leading provider, for instance, is seeking a 51.6 percent hike, while Maryland's is seeking a 30.4 percent hike. (Insurers in other states, like Vermont and Indiana, are asking for minimal increases.) Libertarian and conservative outlets are, predictably, citing the rate hike as yet another Obamacare catastrophe. But it's...
  • Health Insurers Seek Hefty Rate Boosts

    05/22/2015 7:58:18 AM PDT · by george76 · 14 replies
    WSJ ^ | May 21, 2015 | Louise Radnofsky
    Proposals set the stage for debate over federal health laws impact. Major insurers in some states are proposing hefty rate boosts for plans sold under the federal health law, setting the stage for an intense debate this summer over the laws impact. In New Mexico, market leader Health Care Service Corp. is asking for an average jump of 51.6% in premiums for 2016. The biggest insurer in Tennessee, BlueCross BlueShield of Tennessee, has requested an average 36.3% increase. In Maryland, market leader CareFirst BlueCross BlueShield wants to raise rates 30.4% across its products. Moda Health, the largest insurer on the...
  • Exclusive: States quietly consider ObamaCare exchange mergers

    05/22/2015 4:47:45 AM PDT · by Cincinatus' Wife · 10 replies
    The Hill ^ | May 22, 2015 | Sarah Ferris
    A number of states are quietly considering merging their healthcare exchanges under ObamaCare amid big questions about their cost and viability. Many of the 13 state-run ObamaCare exchanges are worried about how theyll survive once federal dollars supporting them run dry next year. Others are contemplating creating multi-state exchanges as a contingency plan for a looming Supreme Court ruling expected next month that could prevent people from getting subsidies to buy ObamaCare on the federal exchange. The idea is still only in the infancy stage. Its unclear whether a California-Oregon or New York-Connecticut health exchange is on the horizon. But...
  • Obamacare exchanges on life support

    05/17/2015 3:45:37 PM PDT · by UMCRevMom@aol.com · 13 replies
    http://michellemalkin.com/ ^ | May 15, 2015 | Michelle Malkin
    At a recent White House science fair celebrating inventors, a Girl Scout who helped design a Lego-powered page-turning device asked President Obama what he had ever thought up or prototyped. Stumbling for an answer, he replied: I came up with things like, you know, health care. Ah, yes. Health care. Remember when the presidents signature Obamacare health insurance exchanges were going to be the greatest thing since sliced bread, the remote control, jogger strollers, Siri, the Keurig coffee maker, driverless cars and Legos all rolled into one? The miraculous, efficient, cost-saving, innovative 21st-century government-run marketplaces were supposed to put the...
  • Health exchange considers higher fees as federal grants end

    05/12/2015 3:45:46 PM PDT · by Oldeconomybuyer · 7 replies
    KRDO-TV ^ | May 12, 2015 | by Chris Loveless
    Denver -- The state's health exchange is looking at more than doubling the fee that insurers pass onto customers who buy policies. The Denver Post reports Connect for Health Colorado staff recommended the increase Monday as $177 million in federal startup grants come to a close and as insurance carriers prepare to submit their rate plans by May 29. If the health exchange board approves the 3.5 percent charge for premiums, the fee for a $4,000 yearly plan would go up by $84. Staff also recommended upping a monthly assessment charge for 1.2 million private insurance policies to bring in...
  • Obamacare Exchange: Michigan Dodged a Bullet

    05/12/2015 1:35:34 PM PDT · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 5/10/2015 | Jack McHugh
    In a news story titled Nearly half of Obamacare exchanges are struggling over their future, The Washington Post reports the following: Nearly half of the 17 insurance marketplaces set up by the states and the District under President Obamas health law are struggling financially, presenting state officials with an unexpected and serious challenge five years after the passage of the landmark Affordable Care Act. Many of the online exchanges are wrestling with surging costs, especially for balky technology and expensive customer-call centers and tepid enrollment numbers. To ease the fiscal distress, officials are considering raising fees on insurers, sharing...
  • Obamas Home State To Shut Down State-Based Obamacare Exchange Over Lack of Funds

    05/12/2015 11:42:22 AM PDT · by Nachum · 17 replies
    cns news ^ | 5/12/15 | Brittany M. Hughes
    (CNSNews.com) -- President Barack Obamas home state of Hawaii is shutting down its state-based health care exchange, the Hawaii Health Connector (HHC), due to incurring debts and the unwillingness of state legislators to put more taxpayer money into the struggling operation, theHonolulu Star-AdvertiserreportedSaturday.Established in 2011, the non-profit organization is Hawaiis state-based health exchange for the Presidents Affordable Care Act, or Obamacare. There are currently about 37,000 Hawaiians enrolled in health care plans through the exchange, far short of the roughly 70,000 needed to raise enough money to sustain it, the article reports.Officials with the exchange released a report to its...
  • Hawaii state insurance exchange to shut down

    05/12/2015 8:53:08 AM PDT · by Incorrigible · 23 replies
    Fierce Health Payer ^ | May 11, 2015 | Brian Eastwood
    Hawaii state insurance exchange to shut down Hawaii Health Connector never achieved financial sustainability May 11, 2015 | By Brian Eastwood The Hawaii Health Connector will shut down operations on Sept. 30, InsuranceNewsNet reported. The exchange site will cease new enrollment this week, discontinue its outreach programs at the end of May and transfer its technology assets to the state by Sept. 30, the article said. The exchange's 37,000 enrollees can re-enroll on the federal Healthcare.gov exchange for the 2016 plan year. Hawaii Health Connector has faced financial problems from its inception. A report issued earlier this year found that...
  • How Five Republicans Let Congress Keep Its Fraudulent Obamacare Subsidies

    05/07/2015 2:49:32 PM PDT · by Beave Meister · 10 replies
    National Review ^ | 5/7/2015 | BRENDAN BORDELON
    Health-care experts call it D.C. insiderism at its worst. The rumors began trickling in about a week before the scheduled vote on April 23: Republican leadership was quietly pushing senators to pull support for subpoenaing Congresss fraudulent application to the District of Columbias health exchange the document that facilitated Congresss exemption from Obamacare by allowing lawmakers and staffers to keep their employer subsidies. The application said Congress employed just 45 people. Names were faked; one employee was listed as First Last, another simply as Congress. To Small Business Committee chairman David Vitter, who has fought for years against the...
  • IRS unable to make sure people comply with Obamacare penalty: Treasury IG

    05/08/2015 10:07:56 AM PDT · by T Ruth · 16 replies
    The Washington Times ^ | May 8, 2015 | Tom Howell Jr.
    The IRS cannot be sure that Americans who lacked health insurance last year have complied with Obamacares individual mandate penalty this tax season, according to an inspector general report Friday that pointed to a decision to delay proof-of-coverage forms from insurers and employers until 2016. Agency mangers told the Treasurys Inspector General for Tax Administration that a business decision was made to not develop processes and procedures to ensure compliance after it decided in 2013 to delay the pair of forms. The documents are sent to both filers and the IRS, allowing the federal government to cross-check what filers say...
  • ObamaCare Exchanges Are A Model Of Failure

    05/06/2015 2:53:38 AM PDT · by IBD editorial writer · 11 replies
    Investor's Business Daily ^ | 05/05/2015 | Staff
    Waste: After spending billions on state-run ObamaCare exchanges, the federal government is only now writing clear rules on how that money can be spent, while half of the exchanges head toward bankruptcy.
  • If MinnesotaCare goes, here's what's at stake

    04/18/2015 11:33:06 AM PDT · by TurboZamboni · 8 replies
    Pioneer Press | 4-16-15 | David Montgomery
    In 49 states, there are basically two options for public health insurance programs: Medicaid for the very poor, and subsidized private health insurance on the Affordable Care Act's exchanges for everyone else. Minnesota is the exception. Unlike every other state, it has a third option in the middle: MinnesotaCare. Created in the 1990s, MinnesotaCare covers people who earn too much money for Medical Assistance (Minnesota's Medicaid program) but not enough to qualify for MNsure, the state's health insurance exchange.