Health insurance premiums have increased faster than wages and inflation in recent years, rising an average of 28 percent from 2009 to 2014 despite the enactment of Obamacare, according to a report from Freedom Partners.
The Obama administration expressed concern in 2009 about skyrocketing health care premiums in a report entitled, “The Burden of Health Insurance Premium Increases on American Families.” They were concerned that premiums had increased by 5.5 percent from 2008 to 2009.
However, from 2010 to 2011 in the first year after Obamacare was enacted, premiums increased by 9.4 percent.
According to the report, while premiums increased by 28 percent from 2009 to 2014, wages increased by only 7.8 percent. From 2004 to 2009 when premiums increased by 30 percent, wages increased by only 12.2 percent.
Based on the data included in this report, it is clear that health insurance premium costs have continued to grow despite the passage of the Affordable Care Act in 2010. Furthermore, health care premium costs are rising at a rate comparable to the years directly preceding the election of President Obama and passage of the Affordable Care Act. As costs continue to rise, millions of families will face tough financial choices and make even more sacrifices. For those who have experienced little to no increase in wages, health insurance may simply become unaffordable and the prospect of paying a tax penalty may become another unwanted reality.
For those who have enrolled in new health insurance plans on the exchanges, recent premium increases have been even worse. And in 2016, deductibles have gone up for those very same individuals. Worst of all, the outlook for 2017 is no brighter. As University of Minnesota scholar Stephen Parente’s research estimates, each type of health care plan on the exchanges can expect to see a premium increase, with the average increase being 7.3 percent for families and 11 percent for individuals.
A government report revealed that CMS has failed to protect healthcare.gov. The site that millions use to purchase health insurance under the ACA logged 316 cybersecurity incidents during an 18-month period.
The CMS has also failed to adequately monitor security controls at state-based insurance marketplaces, according to the watchdog. In a previous report, the GAO found three states with “significant weaknesses,” including insufficient encryption and inadequately configured firewalls.
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.
The challengers, Zubik v. Burwell, argue the Obama administration is unjustifiably forcing religious groups like the Little Sisters of the Poor to cover birth control, despite an arrangement in which insurers provide contraception directly.
The administration counters that the challengers are threatening contraceptive access for women and say the court risks setting a dangerous precedent if it finds in their
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.
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.
After launching the only health care cooperative in the country that made money, the top executives of Maine’s Community Health Options insurance company received hefty pay hikes that more than doubled their pay in the first two years of operation.
Now, a year later, the same managers are dealing with millions of dollars of losses and are expected to sharply increase premiums on its 84,000 customers to cover claims that poured in during 2015 when thousands of policy holders – many of them previously uninsured – accessed medical care on a scale no one anticipated.