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.
Presumptive eligibility is a rarely discussed provision of the Affordable Care Act (ACA) which is likely to result in wasteful Medicaid spending, placing an increased financial burden upon states.
HHS has released a study alleging 5 in 10 uninsured single young adults eligible for the health insurance marketplace could receive coverage for $50 or less per month in 2014. The report, however, is highly subjective, as it utilizes a pared-down sample size in order to bolster the favorability of the results, and thus portrays an inaccurate picture of young adults’ options.
Health insurers are beginning to adjust their plan offerings in response to the Affordable Care Act’s (ACA) new coverage requirements, resulting in the cancellation of hundreds of thousands of plans in recent days – a number which could balloon to nearly 10 million by year-end.
New guidance issued by the Centers for Medicare and Medicaid Services (CMS) gives hospitals a grace-period where a significant number of claims will not be audited; this may result in overpayments going unnoticed and place the Medicare trust fund in even more trouble.
The Center for Budget and Policy Priorities (CBPP) released a paper on Saturday looking at some of the common Obamacare objections and providing their take and analysis. The problem? While there is plenty of valid criticism about the law, such as the higher premiums and reduced physician choice facing exchange enrollees, CBPP chose to look at the predictions and counter with their own speculation. Each of the paper’s key points is discussed below.
A recent study by the Congressional Budget Office (CBO) reveals that Medicare premium support models could significantly reduce the costs of the program for both the federal government and beneficiaries. Under the two reform models evaluated, Medicare beneficiaries would have the option to purchase coverage in a competitive market-like system, selecting between the fee-for-service Medicare program and private health plans offering the same benefits as the traditional program.
A report published by HHS this week alleges 56 percent of the uninsured population could pay $100 or less for monthly insurance premiums beginning in 2014 under the Affordable Care Act (ACA).
The most common criticism of the Affordable Care Act’s (ACA) Medicaid expansion is that it will cost the federal government, states, and taxpayers hundreds of billions of dollars in the coming years. A study released this week by professors from the University of Michigan posits that expansion of the program may actually result in lower than expected costs, thanks to an increase in younger, healthier enrollees. However, the lifestyle choices of these young, newly eligible beneficiaries may, in fact, have the opposite effect on program expenditures long term.
In a set of rules released last week, the IRS finalized Affordable Care Act (ACA) regulations for individuals who fail to comply with the law's individual mandate. Beginning next year, those failing to purchase insurance will pay the greater of a $95 fine or 1% of their household income.