Wednesday morning, the Department of Health and Human Services (HHS) released nation-wide enrollment data for Affordable Care Act’s (ACA) health insurance exchanges through the first two months of the program.
A proposed rule from the Department of Energy (DOE) pushed 2013 regulatory costs to $108 billion. For the week, regulators added $11.7 billion in total costs, 71,000 burden hours, and $1.7 billion in annualized benefits.
Shortly before Thanksgiving, the administration released its fall 2013 regulatory agenda, or “Unified Agenda.” Every federal agency, including independent agencies, submits an upcoming schedule of pending or recently completed regulatory actions.
The Empowering Patients First Act (H.R. 2300) is legislation aimed at repealing the Affordable Care Act and replacing it with patient centered solutions. The proposed reform creates a defined contribution environment intended to “ensure access to health coverage for all Americans; rein in out-of-control costs; solve insurance challenges of portability and pre-existing illness; and improve the health care delivery structure,” and achieves budget neutrality. We used a non-elderly, health insurance market model to estimate the budgetary and health insurance market impacts of the legislation compared to current law.
The rollout of the Affordable Care Act (ACA) has had many well-documented failures. From a broken website, to broken regulations, to higher premiums, and cancelled plans, many are wondering how these mistakes could pile up concurrently. Examining the data on regulatory review, it is clear the White House fast-tracked many ACA regulations, rushing 27 rules without any review.
The Administration has made young adults a focus of the Affordable Care Act’s enrollment efforts, setting a goal of enrolling 2.7 million members between the ages of 18 and 35 years old—38 percent of the total enrollment target of 7 million. This ratio roughly mirrors the nation’s uninsured population of which about 40 percent are in that target age group.
December 10th is the expected date on a vote on the final rule for the long awaited language of the “Volcker Rule.” The Wall Street Journal reports that “U.S. regulators are expected to approve next week a toughened version of the Volcker rule, ushering in an era of stricter oversight for Wall Street with restrictions on the trading banks can do with their own money.”
American Action Forum President Doug Holtz-Eakin’s Testimony on the ACA’s Medicare Advantage Cuts before the U.S. House of Representatives Energy and Commerce Subcommittee on Health.
American Action Forum Health Care Policy Director Chris Holt Discusses the Affordable Care Act on Fox News (December 3, 2013).