The impact of ObamaCare on doctors and patients, companies inside and outside the health sector, and American workers and taxpayers
The Bureau of Insurance hoped to stem Community Health Options’ losses, partly by ending as many as 17,000 policies, but CMS rejected the temporary plan.
Eric Cioppa, the state’s insurance regulator, wrote in the letter to CMS, his bureau “would have acted to reduce membership, increase capital and thereby better protect the remaining (co-op) members and their health care providers from the risk presented by the type of losses experienced in 2015. Because CMS’s decision has precluded my ability to act as proposed, CMS now must share responsibility for the risk of an outcome we all very much hope to avoid.”
President Obama and the Supreme Court have effectively replaced the ACA with something we now call “ObamaCare.”
Unfortunately, ObamaCare doesn’t work much better than the ACA. ObamaCare is still causing Americans to lose their health plans, still driving premiums higher, and still causing their coverage to erode.
Obamacare turns six and Americans are left with broken promises. Millions have lost their healthcare plans, and, for those faced with narrowing provider networks, their choice of doctors is also shrinking.
The president’s broken promises have multiplied over the past six years and now we’re faced with rising costs, bigger middle class tax bills, design flaws and unworkable provisions. In 2017, we can, and must, do better.
With the passage of the Affordable Care Act and the transformation of the nation’s health care system, HHS has gone from a minor regulatory player to the second most-burdensome regulator, measured by the amount of paperwork they pile on Americans, behind only the IRS.
In 2008, HHS imposed roughly 412 million hours of paperwork, up sharply from 152 million hours in 1995. By 2016, however, with the help of hundreds of new ACA regulations, HHS’s paperwork burden has increased to roughly 700 million hours, an increase of more than 300 million hours since President Obama took office.
Kaiser Family Foundation released a survey Wednesday, which revealed among Republicans, 26 percent named Donald Trump as the candidate they most trust to represent their views on the health care, while 21 percent picked Ted Cruz. Fewer registered Republicans named John Kasich. Independents surveyed were more likely to choose either Hillary Clinton or Bernie Sanders than a Republican candidate, the report says.
Overall, the survey shows, health care is an important issue to a majority of registered voters.
Both the percentage of employers who offer insurance and the percentage of people covered will be important to watch as the changes brought about by the Affordable Care Act (ACA) continue to unfold. New coverage provisions and financial assistance provided in the ACA affect employers’ decision to offer coverage and employees’ decisions to take up any coverage they are offered at work. The employer shared responsibility provision, for example, requires employers with 50 or more full-time equivalent employees to offer coverage to full-time employees and their dependent children or face a financial penalty.
The administration has decided to explore the ‘next chapter’ of healthcare reform, rather than focusing on the issues of access and affordability.
The administration continues with an aggressive agenda to make administrative changes that impact millions of people without benefit of congressional input.
The latest changes that the Obama administration wants to make to Medicare Advantage plans offered to retirees of companies, labor unions, and municipal governments—called Medicare Advantage Employer-Group Waiver Plans (EGWP, pronounced “egg whips”).
The main reason many insurers are raising premiums this year is because they are experiencing higher than expected costs. This update implies that the people currently signed up in the plans are less healthy than what was anticipated by the company when calculating what to charge for premiums last year.
The Affordable Care Act was sold as something that would lower the cost of health care for millions of Americans. The only thing another year of premium increases, now once again accelerating, proves is that the promise becomes harder and harder to believe.
Big government tries to do too many complex things that it can’t do very well. In order to get the job done, government bureaucracies rely on unelected advisory groups from the private sector. For example, in Medicare and Medicaid, the government usually draws advisers from major hospitals and health-insurance companies. You can imagine the opportunities for cronyism and conflicts of interest such a scheme might create.
What makes the risk of corruption even greater is that many of the advisory groups the government puts together are relatively obscure.
Hillary Clinton wants to use Obamacare to provide health coverage for illegal immigrants.
In an interview with Anderson Cooper as part of CNN’s presidential primetime event Monday, Clinton said, “It’s not only the right and moral thing to do for them, it’s also important that we keep ourselves healthy and public health requires that.”