Former President Bill Clinton attacked President Barack Obama’s signature health care legislation Monday, calling it a “crazy system” that “doesn’t make any sense” during a Michigan campaign event for Hillary. “It doesn’t make any sense. The insurance model doesn’t work here,” Clinton said about the government-run marketplaces Obamacare set up. Clinton said that Obamacare “works fine”…Details
Federal auditors ruled on Thursday that the Obama administration had violated the law by paying health insurance companies more than allowed under the Affordable Care Act in an effort to hold down insurance premiums. Some of the money was supposed to be deposited in the Treasury, said auditors from the Government Accountability Office. . .…Details
If policy makers want to instigate more competition in the ACA, they can start by broadening “credibility adjustments” to make it easier for new plans to get started. The exemptions should cover all new carriers that enter the exchanges. They should be deeper and apply for an extended period over which a new carrier faces high…Details
A majority of American adults oppose a potential “bailout” of the insurance industry, according to a poll released today by Freedom Partners.
Of those surveyed, 55 percent of adults said they were opposed to the administration using taxpayer money to direct funds to insurance companies reporting losses on the Affordable Care Act markets.
President Obama says his signature domestic policy, the Affordable Care Act, needs some fixes. “In my mind the [Affordable Care Act] has been a huge success, but it’s got real problems,” Obama said in an interview with New York Magazine published Sunday. The Affordable Care Act, or Obamacare, created a new marketplace, known as the exchanges, which…Details
When open enrollment in Obamacare starts next month, enrollees in four states will be able to choose plans from only one insurer. Alaska, Alabama, Wyoming and Oklahoma have confirmed to the Washington Examiner that they will have only one insurer offering Obamacare plans for 2017. The revelation comes in the wake of defections from some major…Details
Vermont has received tentative approval from the Obama administration to establish an all-payer reimbursement system for healthcare providers in the state starting in January. Maryland long has had an all-payer system, but it covers only hospitals. Vermont plans to use an accountable care organization-type structure that would cover all providers. All-payer systems require all insurers,…Details
Minnesota’s commerce commissioner called for reforms to strengthen the federal marketplace Friday after announcing monthly premium increases of at least 50 percent for 2017. “While federal tax credits will help make monthly premiums more affordable for many Minnesotans, these rising insurance rates are both unsustainable and unfair,” Minnesota Commerce Commissioner Mike Rothman said in a statement. “Middle-class Minnesotans…Details
Democratic presidential nominee Hillary Clinton took a shot at President Obama’s landmark health care program in private remarks to donors even as she pledged to defend the law, according to audio of her remarks obtained by the Washington Free Beacon. Parts of the Affordable Care Act, better known as Obamacare, “need fixing,” Clinton told donors…Details
Proposals to make changes to the Affordable Care Act from both sides of the political aisle show that President Obama’s health care law will almost certainly needs changes to survive. The president, Hillary Clinton, and nearly one-third of the Senate have endorsed a new government-sponsored health plan, the so-called public option, to give consumers on Obamacare…Details