Tag: health care overhaul
Health Care Reform Implementation Update
Sept. 23, 2010, marked the six-month anniversary of the enactment of the Affordable Care Act. There has been a lot of news coverage on this milestone during the past few days and it is likely that more will follow. Certain provisions of the Affordable Care Act are effective starting with […]
Health Insurance Quotes for Children Don’t Exist
All insurance carriers are halting sales of individual health insurance for children policies based on confusion over a federal reform provision that takes effect today. The health insurance reform act that was passed in March requires that policies starting now or in the future cannot exclude, limit, or deny medical […]
Health Insurance Reform Washington Update
Summary of what has been happening in Washington as of Aug. 6, 2010. Senators Introduce New Legislation to Increase Transparency and Competition in Insurance Industry Senators Mark Pryor (D-AR), Jay Rockefeller (D-WV) and Barbara Boxer (D-CA) introduced “The Insurance Competition and Transparency Act” (S. 3685) in the Senate Committee on […]
Health Insurance Reform Schedule
2010 New programs: Temporary retiree reinsurance program. National risk pool, small business tax credit. $250 rebate for Medicare members who reach the “doughnut hole”. Health Insurance Reforms: No lifetime benefit limits based on dollar amounts. Allowed restricted yearly limits on the dollar value of certain benefits. No coverage rescissions/cancellations (except […]
Republican Attempt To Repeal Individual Mandate
The United States House of Representatives voted 187 to 230 to defeat a Republican proposal to repeal the individual health insurance mandate in the new health reform law, the PATIENT PROTECTION AND AFFORDABLE CARE ACT OF 2010 (PPACA). Twenty-one Democrats joined 166 House Republicans in voting against the requirement that […]
CBO Adds Billions of Dollars for Discretionary Spending Cost Estimate
On May 11, the Congressional Budget Office (CBO) released a report with additional information about the potential effects of the new health insurance reform law, the Patient Protection and Affordable Care Act (PPACA), on discretionary spending that the CBO initially provided on March 13, prior to the legislation being passed. […]
Health Insurance Reform Update for May
As the comment period ended with respect to medical loss ratio (MLR) regulations, a flurry of letters were sent last week to both the National Association of Insurance Commissioners and the U.S. Department of Health and Human Services. In addition to Aetna health insurance and other insurers, several employer groups […]
Health Insurance Overhaul Law Costs More
The new health insurance law will add at least $115 billion more to government health care spending over the next 10 years, according to the CBO. If all additional spending called for in the legislation is approved, it would push the cost of the overhaul above $1 trillion. The added […]
Health Insurance Reform State High Risk Pools
In the new health insurance reform law the states are permitted to create their own high risk pools, expand existing pools, or allow the federal government to create and administer the pools for them. The following states will operate their own pools: Alaska, Arkansas, California, Colorado, Connecticut, Illinois, Iowa, Kansas, […]
Individual Health Insurance Fine 4 Million Will Pay
An expected four million people in the U.S can be fined for failing to buy individual health insurance by the year 2016. This is when when the health care overhaul law will be in full force. According, to the CBO forecast on Thursday. United States citizens must buy health insurance […]
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