In 2017, according to the Centers for Medicare and Medicaid Services, healthcare spending for every man, woman and child in the U.S. totaled nearly $11,000 – more than any other wealthy country. The interesting thing is that very few of us really know what goes into this number or who pays the bills. Here are [...]
After the repeal of the Affordable Care Act’s Individual Mandate, which was effective January 1, 2019, several states began the process of implementing statewide individual mandates. Currently there are six states that have passed some form of the individual mandate. To date, California, the District of Columbia, Massachusetts, New Jersey, Rhode Island, and Vermont have [...]
America’s Health Insurance Plans, a national trade association whose member companies provide insurance coverage and health-related services to consumers and businesses, has released a study revealing the breakdown of today’s healthcare premium dollar, as follows: 23.3 cents of every premium dollar is used for prescription drugs 22.2 cents cover the cost of physician services 20.2 [...]
On March 19th, President Trump signed into law The Families First Coronavirus Response Act. This is a significant piece of legislation designed to address the economic impact of the COVID-19 pandemic. The bill provides new employee leave benefits, including paid sick time options and mandated insurance coverage for the COVID-testing. Mandated Coverage for COVID-19 Testing: Group [...]
Coverage for COVID-19 Testing and Treatment Earlier this month, the administration announced that testing for COVID-19 was deemed an essential health benefit for coverage purposes. However, it is not considered preventive and is therefore subject to any deductible, copay or coinsurance applied to diagnostic testing under your plan. Testing and treatment provided at approved locations in accordance [...]
This article was published May 10, 2018 on BenefitsPro.com, written by Alex Tolbert. Photo Source: BenefitsPro Back in 2015, the big topic in health care was insurance company consolidation. This was the year Anthem announced plans to acquire Cigna, and Aetna put out a bid for Humana. Mergers across four of the country’s [...]
Article written by Grace-Marie Turner and Doug Badger, as seen in Hartfor Business.com on May 23, 2016 The Obama Administration is unlawfully diverting billions of dollars from taxpayers to insurance companies that sell Obamacare policies. That is the conclusion reached in a legal opinion letter released today by former Ambassador and White House Counsel Boyden [...]
Article is by Erik Engquist, as seen in Crain's New York Business Fears of an insurance death spiral are misplaced, according to industry insiders fighting to preserve stop-loss policies for companies that self-insure. The Assembly and the Cuomo administration have concerns that letting small businesses self-fund—that is, pay their workers’ health-care bills directly—depletes the risk [...]
