Almost universally disliked by economists, and just as adored by working Americans, employer-sponsored health insurance is the largest federal health care benefit by participation and third largest by spending.
The Affordable Care Act provides subsidies to exchange eligible households that earn up to 400 percent of the Federal Poverty Level (FPL). However, only 64 percent of enrollees between 300 and 400 percent of FPL actually receive a subsidy. By reducing the subsidy eligibility threshold from 400 percent to 300 percent, the federal government could save an estimated $12.8 billion per year.
Silver may be the most precious metal after all. In the Health Insurance Marketplace, implemented by the Affordable Care Act, “Silver” insurance plans are far and away the most popular choice, accounting for nearly two-thirds of all plans selected. The Silver plan, one of four actuarial categories of plans offered in the Marketplace, is designed to cover 70 percent of a plan holder’s annual medical expenses.
As a part of the release of President Obama’s proposed FY2015 budget, the administration was required to release the amount of federal funds spent implementing the Affordable Care Act (ACA) exchanges, and provide details on which accounts were used. From the numbers, it is clear that the ACA did not appropriate sufficient funding.
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.