ObamaCare’s impact on health costs.
“Regardless of whether Obamacare is “repealed and replaced” or “fixed”, the future of consumer-driven health care will be defined by how comfortably consumers operate in a market where financial pressures lead them to seek out more affordable, high quality providers—in or out of network. They won’t tolerate being left sick and told to fend for themselves with nothing but their credit cards.”
“Five states that launched health exchanges under the Affordable Care Act expect to spend as much as $240 million to fix their sites or switch to the federal marketplace, a Wall Street Journal analysis shows.”
“Data reveal the deep challenge that Illinois, hospitals and insurance networks face to help many of the enrollees get their health under control and, in turn, hold down costs.”
“Switching to a federally supported state health exchange won’t be immediate and will bring added confusion for Nevada consumers during the transition into next year’s open enrollment period, an interim legislative committee was told Monday.”
“Two insurers selling health plans through Connecticut’s exchange want to raise rates by more than 10 percent next year, while a third wants to lower its premiums, according to proposals filed with the Connecticut Insurance Department.”
“More than 120,000 Arizona residents signed up for private health insurance during the first year of the Affordable Care Act’s marketplace.
But it’s the second year that analysts will scrutinize, to see whether health insurers increase rates or discontinue selling plans over the federal exchange.”
“Federal data released Monday show an increase in the average price hospitals charge to treat common conditions, with vascular procedures and chest-pain treatment showing some of biggest upticks.
The numbers from the Centers for Medicare and Medicaid Services include 2012 prices at 3,376 hospitals for the 100 most common inpatient stays by Medicare patients. It is the second year the agency has released such data, and it reflects $57 billion in payments from Medicare, the federal insurance program for the elderly and disabled.”
“With 2015 premiums forthcoming, a major question hanging over Obamacare’s exchanges is what effect competition among insurers will have on premiums. Currently, the exchanges tend to be sparsely populated, with only 3.9 insurers competing in each rating area of the federal exchanges, on average. Indeed, whether premium increases moderate will be a major test for the health care law.”
“House Republicans are demanding a halt to all premium subsidies under ObamaCare until the administration can prove it is paying the correct amount in every case.
GOP members of the Ways and Means Committee pointed Wednesday to a report that hundreds of thousands of people might be receiving incorrect subsidies on the exchanges.”
“Early evidence suggests that emergency rooms have become busier since the Affordable Care Act expanded insurance coverage this year, despite the law’s goal of reducing unnecessary care in ERs.”