In a recent study funded by the National Institute on Aging, researchers found that Medicare Part D coverage is associated with fewer hospital admissions and lower associated costs.
In the latest enrollment report on the Health Insurance Marketplace, the Department of Health and Human Services detailed the plans chosen through HealthCare.gov by those with and without financial assistance.
The metallic designations for health insurance plans offered in the Health Insurance Marketplace are frequently described by actuarial values—the portion of total medical spending that the insurance company expects to cover. This week's weekly checkup displays how several important plan design characteristics vary across the five categories of offered plans.
Medicare Part D offered a new way for seniors to get coverage for prescription medication and required a significant rollout effort. In an attempt to protect insurance companies from the risk of instability associated with new markets, Congress designed a risk sharing program.
In the absence of health status information, the age of enrollees is an important indication of future health care spending—young adults are generally low-cost, while adults near retirement tend to require more costly and more frequent medical treatment.
The administration is looking towards young adults—known for generally good health and a propensity to forgo health insurance—to participate in large numbers in the Affordable Acre Act’s (ACA) state based exchanges, helping to guarantee a balanced risk pool in the insurance market.
Americans enrolling in the new health insurance exchanges implemented by the Affordable Care Act (ACA) and earning between 100 and 400 percent of the federal poverty level (FPL) are eligible for premium subsidies—a tax break intended to make health insurance on the individual market affordable for those who need it most.
Despite strong December enrollment, total enrollment is still only 65 percent of the goal set by HHS for January 1st.
Researchers found that an increase in the maximum premium subsidy provided by the Federal Employee Health Benefits Program (FEHBP) in 1999 led to a 10 percent increase in average premiums and 15 percent higher costs for the government.
At its inception, Medicare was designed to be a hospital insurance plan for the elderly, motivated by expensive hospital stays that neither the hospitals nor their aging patients could afford.