Insurance Q&A

April 17, 2013

Union calls for repeal of health care reform law

Filed under: health,healthcare,healthcare reform,Obama,obamacare — rrroark @ 3:06 pm

Worried about a potential loss of jobs for its members, a big roofing union is calling for repeal or “complete reform” of the federal health care reform law.Starting in 2014 under the Patient Protection and Affordable Care Act, employers with at least 50 employees must offer qualified coverage or pay a penalty of $2,000 for each full-time employee.That mandate will result in a competitive disadvantage for roofing companies offering coverage to their unionized workforces through multiemployer health care plans, says Kinsey Robinson, international president of the United Union of Roofers, Waterproofers and Allied Workers in Washington.That requirement creates “an unfair bidding advantage” for smaller contractors who will not have to provide coverage, with the potential for union members to lose work, Mr. Robinson said in a statement Tuesday.As a result, Mr. Robinson said, “I am calling for repeal or complete reform of the Affordable Care Act.”The position taken by the head of the 22,000-member roofers union contrasts sharply with the strong support of the health care reform law by other unions, such as the United Auto Workers.Other calls for repealLast year, the House of Representatives voted to repeal the law, but the Senate did not take up the repeal measure. The House action came after the Supreme Court upheld much of the law, including a core provision that will require, beginning in 2014, most Americans to enroll in a qualified plan or pay a fine.This year, individual Republican lawmakers have introduced legislation to repeal parts of law. For example, Sen. Rob Portman, R-Ohio, introduced legislation to repeal the employer mandate, while a measure proposed by Sen. Orrin Hatch, R-Utah, would repeal the laws individual mandate. No action has been taken on those and other repeal bills that have been introduced.

via Roofers union calls for repeal of health care reform law | Business Insurance.

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April 3, 2013

Insurers win Medicare Advantage battle

Filed under: healthcare,healthcare reform,Medicare,Medicare Advanrage — rrroark @ 10:08 am

Health insurers have persuaded Medicare Advantage bidding managers to admit that the underlying cost of care is likely to go up about 3 percent in 2014, not fall more than 2 percent.

But other program changes could still make the 2014 bidding process hard on insurers, according to Humana Inc. (NYSE:HUM).

The Centers for Medicare & Medicaid Services (CMS), the arm of the U.S. Department of Health and Human Services (HHS) that runs Medicare, announced changes in the final “national per capita growth percentage” in a Medicare Advantage “final call letter” — a document that gives a complete description of the factors a health carrier must consider when coming up with the products and prices it will offer to Medicare Advantage program managers.

via Insurers win Medicare Advantage battle | LifeHealthPro.

March 29, 2013

Second study this week shows ObamaCare will drive up premiums

Filed under: health,healthcare,healthcare reform,Obama,obamacare — rrroark @ 6:15 pm

The Society of Actuaries had already released its analysis of the damage that ObamaCare will do to health-insurance costs, and HHS Secretary Kathleen Sebelius had already admitted that prices would go up as government forced people to buy bigger comprehensive policies. CNN even went so far as to ask whether Barack Obama and his administration had “misled” voters over the costs of ObamaCare.

This study, though, is actually separate from the SoA’s analysis.  The state of California commissioned this new study for its state exchange to determine the impact of ObamaCare, and it matches closely to the SoA conclusion:

A study commissioned by the State of California says that the new federal health care law will drive up individual insurance premiums, but that subsidies will offset most of the increase for low-income people.

The study, issued Thursday in the midst of a growing national debate over the impact of the law, is significant because California is far ahead of most states in setting up a competitive marketplace, or exchange, where people can buy insurance this fall.

Premiums could increase by an average of 30 percent for higher-income people in California who are now insured and do not qualify for federal insurance subsidies, the study said.

via Second study this week shows ObamaCare will drive up premiums « Hot Air.

via Second study this week shows ObamaCare will drive up premiums.

March 22, 2011

The Problem with ObamaCare’s Individual Mandate

Filed under: healthcare reform,obamacare — rrroark @ 8:48 pm

October 22, 2010

The more we know about ObamaCare…

the more we find out it wasn’t designed to cut costs but to eventually eliminate private insurance coverage and create a government-run system.

Mega-firms such as AT&T, Caterpillar, John Deere and Verizon are among those that are either considering ending coverage for their employees or have already chosen to do so. It’s not just the big companies eliminating benefits, either. Smaller employers are doing the same. Larry M. Elkin, president of Palisades Hudson Financial Group, wrote Thursday in the Business Insider: “For 15 years, I have taken pride in paying the full cost of health insurance for every full-time Palisades Hudson employee who wanted it. This month marks the last time I will do that.”

Read te whole article at Investors Business Daily

October 1, 2010

Obama Says No One Will Lose Their Health Care Choice

Filed under: healthcare reform,iowa,no one will lose,Obama — rrroark @ 11:53 am

Obama says no one will lose their chosen health care at an event in Iowa.

Tell that to Harvard Pilgrim Medicare Advantage members in the Northeast:

Harvard Pilgrim Health Care has notified customers that it will drop its Medicare Advantage health insurance program at the end of the year. The decision by Wellesley-based Harvard Pilgrim, the state’s second-largest health insurer, was prompted by a freeze in federal reimbursements and a new requirement that insurers offering the kind of product sold by Harvard Pilgrim — a Medicare Advantage private fee for service plan — form a contracted network of doctors who agree to participate for a negotiated amount of money. Under current rules, patients can seek care from any doctor.

Tell that to part-time food service workers:

The new health care law could make it difficult for companies like McDonald’s to continue offering limited insurance coverage to their low-wage workers. The world’s largest hamburger chain provides its hourly workers with low-cost plans known as “mini-meds” or limited benefits plans. These plans typically cover things like doctor’s office visits and prescription drugs. But they don’t provide comprehensive coverage.

McDonalds is big enough that they will doubtlessly get a waiver but what about your local businessmen?

Dana Perino weighs in.

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Another Lie: Obama Says No One WIll Lose Health…, posted with vodpod

Crossposted @ Politician, Tar, Feathers (Some Assembly Required)

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