The more things change, the more they stay the same. For years, health care costs grew faster than incomes — to the point that health care grew to one-sixth of the economy. Then came the revolution; namely the financial crisis, recession, and Obamacare. Health care costs supposedly were tamed by a combination of new laws and weakened consumers.
Almost exactly a year ago, I wrote about the Affordable Care Act’s (ACA) first open enrollment period. I suggested that opponents of the law should avoid getting too caught up in any enrollment problems or web glitches.
The 2010 Affordable Care Act (ACA) health reform law established state-based health insurance exchanges to provide an individual market for qualified health insurance plans. The state exchanges sell insurance plans to any citizen, regardless of health status. Enrollees who purchase plans through an exchange can receive federal premium subsidies if their household income falls between 100 and 400 percent of the federal poverty level. This primer provides an overview of the ACA’s risk mitigation provisions that apply to individual and/or small group market plans: reinsurance, risk corridors, and risk adjustment.
The Medicaid program is a state-federal partnership program where states and the federal government share the cost of caring for the nation’s poorest citizens.
Senator Elizabeth Warren introduced Senate Bill 2292, the Bank on Students Emergency Loan Refinancing Act. It permits individuals with existing student loans — either federal or private — to refinance those loans using the federal direct loan program. In general, this would be a reduction in the interest rates on those loans. What’s wrong with that?
The Senate Banking Committee voted 22-0 yesterday to reauthorize the Terrorism Risk Insurance Act (TRIA), a program created by Congress in 2002 to respond to the property and casualty insurance market fallout of the terrorist attacks of September 11, 2001.
The resignation of VA Secretary Eric Shinseki has moved the failings at the Veteran’s Administration from the category of rumor and accusation to fact. However, it raises the even larger question: how do you fix the VA? The first step to a solution, however, is to correctly identify the problem.
The housing reform bill co-authored by Democrat Tim Johnson and Republican Mike Crapo was passed by the Senate Banking Committee on a 13-9 vote. That is the good news. According to most news reports, however, it will not be put up for a vote by the Senate as a whole. That is the bad news.
The Administration has unilaterally raised taxpayer’s exposure to higher spending under the Affordable Care Act (ACA). Specifically, it used its authorities to ensure that premium subsidies will rise at higher rates than the law would otherwise permit.
The Affordable Care Act’s (ACA) Employer Shared Responsibility provision, commonly referred to as the Employer Mandate, requires all employers with more than 50 employees, or 50 Full Time Equivalents (FTEs), to provide health insurance coverage beginning in 2014. Similar to the law’s individual mandate to carry health insurance, noncompliance carries a fine, levied to help offset the cost of providing insurance coverage in the ACA’s state based insurance exchanges.