The impact of ObamaCare on doctors and patients, companies inside and outside the health sector, and American workers and taxpayers
The federal government announced Tuesday that it has $800 million remaining in its reimbursement fund for health insurers this year, a sign that marketplaces under ObamaCare needed less life support than expected.
Small businesses that reimburse employees for the cost of premiums for individual health insurance policies or pay their health costs directly will be fined up to $36,500 a year per employee under a new Internal Revenue Service regulation that takes effect July 1, 2015.
Taxpayer-funded Obamacare health insurance co-op’s may be running afoul of the law by giving extravagant paychecks to their top executives, according to a Daily Caller News Foundation investigation.
More than a million Americans have enrolled in the 23 non-profit Obamacare co-ops since they began in 2011. The co-ops were intended to be consumer-operated non-profits focused on delivering healthcare to the working poor and others needing health insurance.
Many big companies are pushing to cut spending on employee benefits—from pensions to health insurance—and could face labor strikes as a result.
In all, major employers have about 400,000 union workers whose contracts are up for negotiation this year. They include the Detroit auto makers, whose workforces have a combined 140,000 members of the United Auto Workers; a group of railroad operators including CSX Corp., with 142,000 union employees; and telecom companies like Verizon Communications Inc., which is in talks with about 40,000 wireline workers.
President Obama is taking his Medicaid expansion pitch to Tennessee this week to urge Republican officials to expand the low-income insurance program through the Affordable Care Act.
Expect more of that. After the law survived its latest potentially devastating legal challenge, Medicaid expansion will be a legacy-defining issue for the president during his last 18 months, one that will determine whether Obamacare achieves its full, desired impact.
State regulators typically use their power to review health insurance premiums to limit rate hikes. But in Oregon, officials are ordering insurers to raise premiums — in many cases by double digits.
The regulators pointed out that insurers spent over $100 million more than they took in last year. Any more money-losing years like that, and some carriers would surely go bankrupt.
An obscure IRS rule takes effect on Wednesday under which small businesses that get caught helping their workers buy insurance or pay medical bills can be fined 18 times more than larger employers that don’t provide coverage at all, warned the National Federation of Independent Business (NFIB) today.
The next bit of scrutiny on SCOTUScare — to borrow a new name for the federal health reform act coined by U.S. Supreme Court Justice Antonin Scalia — in health care is all about the workplace now that health insurance tax credits are securely in place.
The jeopardy of tax credits overshadowed that employers have big changes ahead under the employer mandate of the Affordable Care Act. The Supreme Court affirmed in King vs. Burwell Thursday the federal government’s position that tax credits, which help many people afford monthly insurance premiums, are available on both federally and state-run exchanges.
Last year, 95 American hospitals merged or were acquired — a 40 percent increase from 2010. Over roughly the same period, the percentage of physician practices owned by hospitals doubled — from about 30 percent to nearly 60 percent.
This rapid consolidation among U.S. healthcare providers is dizzying to behold, even for those who have spent careers in healthcare. Its effects are only starting to be felt, but could be profound.
King v. Burwell is in the history books. Subsidies on federal exchanges will continue to flow and supporters of the ACA will (correctly) see this as a big win for the president. But to pretend that this means smooth sailing for Obamacare from here on out would be disingenuous at best.
Obamacare subsidies are just one important leg of a three-legged stool. And two of them may start wobbling after 2016.