Only the top five insurers have profits in excess of $1 billion. All the others had 2014 profits of less than $300 million. But the top five also have membership of at least 20 million, with Humana being the lowest (21.4 million) and CIGNA and UnitedHealthGroup having the highest (86 and 85 million members worldwide,…Details
In the March 8 rule, the Department of Health and Human Services (HHS) stated that Health Savings Account (HSA) eligibility was not a meaningful distinction for health plans because consumers can determine whether a plan is HSA-qualified by examining a plan’s cost-sharing amounts. Therefore, it will not require HSA-qualified plans to be designated as such. Two…Details
Highmark Health lost $590 million in its health plans that were sold on the ACA exchange in 2015. Highmark is still owed $500 million under the risk-corridor program, and HHS has said it will find a way to fund the program. Highmark Health CEO, David Holmberg said Highmark has met with government officials “regularly to…Details
Despite the extraordinarily large growth in Medicaid spending and the evidence that much of that spending is of low value to enrollees, the president is requesting more than $100 billion in additional Medicaid spending over the next decade.
Obama promised that Obamacare would “save all of us money and reduce pressures on emergency rooms all across the country.” However, a new report by the Centers for Disease Control and Prevention shows, that by doling out insurance coverage to millions more people without doing anything to address America’s growing doctor shortage, the president’s health…Details
The Affordable Care Act has created many problems and the American people are left with rising costs, and higher taxes, mountains of red tape, and arrogant bureaucratic attacks on personal and religious liberty.
Employers that offer a health savings account might gain a competitive advantage in employee recruitment and retention. An HSA can significantly reduce employees’ taxes while giving them an important investment option, making an HSA a valuable financial wellness tool, writes Liz Ryan. HSAs can be offered as a long-term benefit like a 401(k) as well as…Details
The pharmaceutical industry, insurers and the Obama administration all want prescription drugs to be included in determinations about whether a certain pools of patients are riskier than others. The determinations are important because insurers who take on riskier sets of patients are eligible to receive compensation under Obamacare. Right now, those determinations are made using…Details
Obamacare to date has failed miserably relative to what was originally promised regarding how many people would get covered and the number of these who would obtain their coverage through the Obamacare exchanges. The president’s claim that “America is on a stronger footing because of the Affordable Care Act” is dubious at best. Literally no…Details
The Medicare Advantage Value-Based Insurance Design Model kicks off Jan. 1, 2017 and will run for five years. Value-based insurance design, or VBID, refers to health plans that waive or lower out-of-pocket costs for healthcare and prescription drugs that are proven effective for patients with chronic health conditions. The CMS wants feedback on ways to…Details