Insurers from Oregon to Pennsylvania, including a failed health-care co-operative and two long-established Blues plans have lost billions of dollars selling Obamacarepolicies. Now they are suing the federal government to recoup their losses. In a testament to industry desperation, insurers are asking federal judges to simply ignore a congressional ban on the payment of these corporate … [Read more...] about Suing Their Way Out of Obamacare Failure – The health-insurance industry is lawyering up
ObamaCare
ACA Rules Allow People To Game The System, Contributing To Premium Spikes
Consumers are facing the prospect of significant premium increases for health insurance next year, and faulty ACA provisions are at least partly to blame. For example, people have figured out they can get a year’s worth of medical care while paying just nine months of premiums. They also can wait to sign up for health insurance after they get sick and get the care they need. And young people … [Read more...] about ACA Rules Allow People To Game The System, Contributing To Premium Spikes
Is the Obama administration illegally diverting billions to insurance companies?
According to a legal opinion letter by former White House Counsel C. Boyden Gray, the answer is YES. In this recording of a May 26, 2016 media conference call, experts describe the Obama administration’s decision to pay health insurers generous reinsurance subsidies while stiffing taxpayers, despite a statutory requirement that fixed sums must go to the U.S. Treasury. Mr. Gray’s letter … [Read more...] about Is the Obama administration illegally diverting billions to insurance companies?
Walls Closing In On ObamaCare Lawlessness
The Obama Administration is unlawfully diverting billions of dollars from taxpayers to insurance companies that sell ObamaCare policies. That is the conclusion reached in a legal opinion letter released today by former Ambassador and White House Counsel Boyden Gray. Mr. Gray’s letter reinforces the conclusion of legal experts at the nonpartisan Congressional Research Service who found that … [Read more...] about Walls Closing In On ObamaCare Lawlessness
Political Choices Made To Goose Obamacare Are Now Wrecking It
Health plans are seeking double digit rate increases for their 2017 Obamacare plans—17.3% in New York, 25% in Michigan, 20% in Oregon, as examples. From special enrollment periods to countless exemptions, the Obama administration traded short term political gain for the long-term stability of the program and its risk pools. The big premium spikes for 2017 are an economic reckoning of this … [Read more...] about Political Choices Made To Goose Obamacare Are Now Wrecking It
Obamacare’s Taxpayer-Subsidized Failure
Here’s some bad news for the insurance industry: Unexpectedly generous corporate subsidies didn’t save companies selling Obamacare policies from bleeding red ink. The worse news: Those subsidies are set to expire in 2017, meaning that insurers will have to make ends meet without billions in handouts. Those are among the matters discussed in a study, published April 25 by the Mercatus Center, … [Read more...] about Obamacare’s Taxpayer-Subsidized Failure
HSAs Under Attack in Obamacare Exchanges
The Obama administration is using its last year to try to kill the option that has the most promise to engage consumers in transforming our health sector around higher value, greater efficiency and lower costs. Liberals have a knee-jerk opposition to Health Savings Accounts, but until now, they have tolerated them and even allowed HSA plans to be offered in the ACA exchanges, largely because … [Read more...] about HSAs Under Attack in Obamacare Exchanges
Obamacare: The Gazillion-Dollar Startup Machine
Seth Sternberg was visiting his 65-year-old mother in Connecticut when he got the idea for his home-health-aide business, Honor. She'd picked him up at the airport, and he noticed that she was driving really slowly. He asked why. "And she was like, 'Well, driving's just harder than it used to be,' " he recalls. This got Sternberg's mind working. What if his mother were 75 or 85, and tasks like … [Read more...] about Obamacare: The Gazillion-Dollar Startup Machine