Evergreen Health, Maryland’s version of the innovative nonprofit insurers created under the Affordable Care Act, decided Monday to become a for-profit company to avoid the possibility of a shutdown, according to its chief executive. If the switch is approved as expected by federal and state officials, Evergreen’s unprecedented move will leave standing only five of the…Details
Many variables remain up in the air as we contemplate what Obamacare would look like without functioning exchanges, but the failure of the exchanges in some states might provide an opportunity to amend and improve upon the ACA, and move the American health care system towards a freer market system where individuals are free to…Details
South Carolina became the fifth state to have only one company offering health insurance through its Affordable Care Act exchange. The South Carolina Department of Insurance announced on Tuesday that Blue Cross Blue Shield of South Carolina will be the sole provider for South Carolinians looking to get covered through the ACA, better known as…Details
The Affordable Care Act hasn’t done much to change trends of low-income people seeing changes in their health insurance coverage, a new study finds. About a quarter of low-income adults in three states have experienced a change in their health insurance coverage, known as “churning” under the Affordable Care Act, according to a study released…Details
The 18- to 34-year-olds who helped elect Barack Obama could consign his signature domestic policy achievement to failure. That’s because not enough millennials have signed up for Obamacare to make it work well. Despite repeated outreach — including entreaties from all manner of celebrities, including NBA stars and Obama himself — young people make up less…Details
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