Nearly 67,000 customers of Consumers’ Choice Health Insurance will have to shop for new insurance at the end of the year when the company shuts down its operations in 2016.
The state Department of Insurance made the announcement on Thursday. The company and the state agency did not give specifics on what precipitated the closure, only saying a look at long-term sustainability showed problems.
Wyoming’s second largest health insurance company is closing down.
The state Department of Insurance announced Wednesday that WINhealth will shut down Dec. 31 because of financial problems. The company has been in business since 1996.
State Insurance Commissioner Tom Glause says the state will help some 13,800 people covered by WINhealth plans to find new insurance.
Morning Consult conducted a national survey of 1,543 registered voters on behalf of the National Association of Manufacturers, U.S. Chamber of Commerce and the Business Roundtable from September 24-27, 2015. Results from the full survey have a margin of error of ±2.5% (Charts/Toplines/Crosstabs).
Morning Consult conducted a national survey of 1,543 registered voters on behalf of the National Association of Manufacturers, U.S. Chamber of Commerce and the Business Roundtable from September 24-27, 2015. Results from the full survey have a margin of error of ±2.5% (Charts/Toplines/Crosstabs).
States that accepted Obamacare expansions have had Medicaid enrollment increase 18 percent, and total Medicaid spending grow 17.7 percent, a recent report from Kaiser Family Foundation has shown. Alternatively, states that chose not expand under Obamacare had Medicaid enrollment increase 5.1 percent and total spending grew 6.1 percent.
This is not particularly surprising. Obamacare has certainly led to more being enrolled within Medicaid—which has been costly for taxpayers.
Top Republicans on Capitol Hill’s health committees are asking the Obama administration to lower payment rates for insurers who benefit from a controversial “reinsurance” program in the Affordable Care Act.
House Energy and Commerce Chairman Fred Upton (R-Mich.), Senate Health, Education, Labor and Pensions Chairman Lamar Alexander (R-Tenn.) and House Education and Workforce Chairman John Kline (R-Minn.) sent the Centers for Medicare and Medicaid Services a letter Tuesday, obtained by Morning Consult, calling for reduced reimbursement and to allow certain plans to not participate.
While most of the media have tuned out and the chattering class has mostly moved on, a recent article by Megan McArdle in Bloomberg View, “Obamacare delivers. Just not very much,” reminded me that the calamity that is Obamacare can’t be swept under the rug. It is clear nothing will keep President Obama from declaring victory on every front, but the fact is, Obamacare is a bust. As a result, the next president will be confronted with the reality that at the end of the day, all Obamacare amounts to is a convoluted expansion of Medicaid that we can’t afford.
The catastrophic failure of Obamacare’s launch is now far in the past. But the public’s acquiescence to a law that keeps creating new problems should not be taken as a sign of enthusiastic acceptance, much less as a sign that Obamacare is working.
The important thing is how each of Obamacare’s current problems — skyrocketing premiums, lower than expected enrollment, and the collapse of several cooperative plans — is related to the others.
A full 32.3 million non-elderly people do not have health insurance despite the costly health reform act and the individual mandate tax penalty, new analysis shows.
Nearly half of the 32.3 million uninsured, or 15.7 million, are still not getting health insurance through the Affordable Care Act or Medicaid, new state-by-state analysis by the Kaiser Family Foundation reveals. More than a quarter of the uninsured are either eligible adults or children.
After five years, two midterm disasters, and a rollout that reminded Americans why they fell out of love with big government in the 1970s, reality has finally begun to dawn on some Democrats about Obamacare. With open enrollment about to start and a third straight round of premium spikes about to hit voters’ pockets, the Democrats’ leading presidential candidate has offered a “major break” with the Obama administration on its signature domestic policy achievement.