Audits and investigations into the effects of ObamaCare from congressional committees, government auditors, advocacy groups, and others.
“Principal said its exit in part is because smaller insurers will have a hard time competing with bigger players under the overhaul. Expenses such as for sales forces are a bigger proportion of costs for smaller insurers, said Mr. Houston, making it harder to meet the new threshold on how much they pay out for care, known as the medical-loss ratio. ‘In the past, scale hasn’t mattered,’ said Mr. Houston. ‘But with administrative costs getting the focus,’ the company would have to grow significantly to stay in the business.”
“The Principal Financial Group announced on Thursday that it planned to stop selling health insurance, another sign of upheaval emerging among insurers as the new federal health law starts to take effect… Principal’s decision closely tracks moves by other insurers that have indicated in recent weeks that they plan to drop out of certain segments of the market, like the business of selling child-only policies. State regulators say some insurance companies are already threatening to leave particular markets because of the new law.”
New insurance exchanges are supposed to make insurance companies more responsive to market forces, but will instead give government control over the market. “In theory, they will expose health insurance customers to greater competition while protecting them through regulation. Insurers participating in the exchanges, for example, will face strict limits on how they can price their premiums according to individual risk factors. In practice, they will likely prove difficult to design and implement, and may ultimately undermine the country’s quality of care. No matter what, there is little doubt that the exchanges will fundamentally alter the health insurance landscape across the states.”
ObamaCare is supposed to save money on Medicare through Accountable Care Organizations where doctors work together to lower costs, but they are unlikely to help. “In most regions, it’s likely that hospitals — particularly, multi-hospital systems with large groups of employed doctors — will form the ACOs. And if that happens, they will run the ACOs to serve their own interests first, and those of physicians and consumers second.”
A new ObamaCare calculator from The Heritage Foundation lets you analyze how the costs of the bill would change if certain assumptions used by the Congressional Budget Office are incorrect.
A Massachusetts insurer is canceling a Medicare Advantage plan because it will no longer viable after ObamaCare’s draconian cuts to the program. Thus 22,000 seniors are going to lose the plan they currently have.
“Two of Minnesota’s biggest health plans said Thursday they have temporarily suspended sales of individual health insurance policies because of uncertainty related to the new federal health reform law… Insurance officials said the industry has been scrambling to figure out the new federal regulations for months.”
“To counter this election-year ruse, my colleagues and I at Docs4PatientCare are enlisting thousands of doctors in an unorthodox and unprecedented action. Our patients have always expected a certain standard of care from their doctors, which includes providing them with pertinent information that may affect their quality of life. Because the issue this election is so stark—literally life and death for millions of Americans in the years ahead—we are this week posting a ‘Dear Patient’ letter in our waiting rooms.”
“The Patient Protection and Affordable Health Care Act (PPACA) is projected to yield $575 billion in Medicare savings over the next 10 years, mostly from Medicare payment reductions to doctors, hospitals, and health plans. But beneath these payment reductions, the PPACA also makes statutory changes that could challenge the autonomy of physicians to treat patients as they think best, undercut the freedom of physicians to remain in private practice, and threaten the continuation of fee-for-service medicine regardless of the preferences of doctors and patients.”
Doctor-owned hospitals were virtually banned by ObamaCare, making them the
“biggest losers in federal health care reform.” Existing ones are looking to
merge, or be acquired by existing hospital systems, restricting choice and
competition in the market.