Posts Tagged ‘insurance

11
Oct
14

Thanks To ObamaCare, Happy Dances Are Here Again

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Sharing my Affordable Care Act (aka Obamacare) recent Happy Dance re: No rate increases for my medical plan for 2015, dental rate decreased, while the Benefit Maximum more than doubled, yea!!). in the last 3 months, I have had a flu shot, a mammogram, and a blood test, all without co-pays. My yearly dental X-Rays scheduled for December is also without any other costs. Finally, the one medication that I take is only 1.81 $ for a month’s supply. When I retired in the summer of 2013, my biggest financial concern was the cost of health care (I am under 65 and single) that I would be directly responsible for for the first time (it was an employee benefit prior to this). It has been manageable so far, thanks, in part, to the ACA. When I received the news that there would be no rate increases for 2015, I was greatly relieved. I love Obamacare and the man who brought it to us. I am always so tickled that the term that the GOPers used as a pejorative, has instead insured that PBO would forever get credit for this law that has begun to transform the health and well-being of our nation.

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09
Sep
14

ObamaCare: Still Standing Strong

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Paul Krugman: Obamacare Life Spiral

Imagine taking a time machine back to 2010 and telling Republicans in Congress, who were arguing that the CBO was wildly underestimating Obamacare’s cost, that the law would be cheaper than predicted and, at least in the states that accepted its Medicaid dollars, cover more people than the Congressional Budget Office thought. After the laughing and mocking and the calling of security, let’s say you offered this prediction in the form a of a bet. What odds do you think Obamacare’s critics would have offered? 2:1? 5:1? 10:1? But you don’t have to go back to 2010. Look at John Cochrane in late 2013, taking it for granted that Obamacare would implode in a death spiral within a few months. Look at The Hill just four months ago, telling us that double-digit premium hikes were coming.

One question we might ask here is, why is the news so good? The answer, I’d suggest — although I hope the real experts will weigh in — is that we’re actually seeing the opposite of a death spiral; call it a life spiral. For one thing, the huge surge in enrollments late in the day meant that the risk pool this year is better than insurers expected, and they now expect 2015 to be better still. Also, importantly, big enrollments mean that more insurers are entering the market, increasing competition. And, of course, the better the deal the more people will sign up: success feeds success.

More here

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Kaiser Family Foundation: Premiums Set To Decline Slightly For Benchmark ACA Marketplace Insurance Plans In 2015

An early look at the cost of health insurance in 16 major cities finds that average premiums for the benchmark silver plan – the one upon which federal financial help under the Affordable Care Act to consumers is based – will decrease slightly in 2015. The new study from the Kaiser Family Foundation analyzes premiums in the largest cities in 15 states and the District of Columbia where information from rate filings is available. Premiums for the second-lowest cost silver plan for individuals

will fall by an average of 0.8 percent from current levels in these cities when open enrollment begins on Nov. 15, according to the study. The analysis finds that the premium for the second-lowest-cost silver plan is decreasing in 7 of the 16 areas studied – but also that changes in average premiums will vary considerably across areas. At least two insurers will offer coverage through the marketplaces in the major city in each of the 15 states studied and D.C. Most areas will have five or more insurers, and three will have 10 or more.

More here

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29
Aug
14

ObamaCare Means No Longer Living With Perpetual Pain

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57andfemale

A simple observation:

I got my bone density test today. I have had serious hip and back pain for over a dozen years. Because I am one of 20% of adult asthmatics who cannot take any NSAID’s, I live in perpetual pain. Self-employed, no insurance until ACA.

I got a bone density test today – no co-pay. Because PBO made even the most basic insurance affordable AND comprehensive.

I’m seeing a chiropractor as well as regular doctors. I need some x-rays so we know how aggressive we can be with exercise and PT. If I need cartillage-building or bone-building therapy, I have insurance. thank you, PBO and Dem’s.

All I want is to be able to run up and down the stairs to do laundry. To clean my house. To have a weekend where I can clean my sewing room, throw fabric in boxes, and feel alive the next day.

I am closer to that because of ACA. Thank you POTUS. Thank you, Nancy Pelosi.

Now let’s sustain this progress and keep the Senate and take back the House.

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08
Aug
14

ObamaCare: Helping Millions? ✓ Strengthening Medicare? ✓

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Alex Wayne: Medicare Reduces Payments For 2015 Hospital Admissions

Medicare, the U.S. program for the elderly and disabled, said payments for hospital admissions would fall $756 million next year as penalties stiffen for patients who return too early. Payments for inpatient services at about 3,400 acute-care hospitals will be cut about 0.6 percent in 2015, the Centers for Medicare and Medicaid Services said in a regulatory filing,

including reductions in funding for hospitals who provide care for many low-income patients, those with too many patients who contract infections while admitted and higher penalties for readmissions within 30 days. The Obama administration has applauded reduced Medicare spending for hospital admissions, a trend encouraged by the Patient Protection and Affordable Care Act that has added 13 years to the life of Medicare’s key trust fund.

More here

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Tony Carrk: Conservatives Want You To Pay More For The Health Plan You Like

The Affordable Care Act, or ACA, is working: The uninsured rate has fallen dramatically since the law went into effect. Newly released data published in The New England Journal of Medicine show that 10.3 million adults gained coverage during the first open enrollment period. According to a recent Commonwealth Fund survey, 60 percent of those with new coverage said they used their coverage to go to the doctor or hospital or to fill a prescription; 62 percent of those people said they would not have been able to do so without their new coverage. Moreover, of those who were looking for a doctor, two-thirds said they were able to get an appointment within two weeks. People are happy with their coverage. Overall, 78 percent of those surveyed said they were either somewhat

satisfied or very satisfied with their new coverage. This is about the same rate as those reported by both people who were previously insured and by those who newly gained coverage. Even 74 percent of self-identified Republicans reported being satisfied with their coverage. The ACA has not only led to millions of Americans getting health care coverage, but it has also benefited the country as a whole. Earlier this month, the nonpartisan Congressional Budget Office, or CBO, reported that the ACA is helping slow the growth rate of health care costs, which has positive consequences for the federal budget. It is also helping strengthen the solvency of Medicare.

More here

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The New England Journal Of Medicine: Health Reform And Changes In Health Insurance Coverage In 2014

In this analysis of nationally representative survey data from January 2012 through June 2014, we found a significant decline in the uninsured rate among nonelderly adults that coincided with the initial open-enrollment period under the ACA. These changes remained highly significant after adjustment for potential confounders such as employment, demographic characteristics, and income. As compared with the baseline trend, the uninsured rate declined by 5.2 percentage points by the second quarter of 2014, a 26% relative decline from the 2012–2013 period. Combined with 2014 Census estimates of 198 million adults 18 to 64 years of age, this corresponds to 10.3 million adults gaining coverage, although depending on the model and confidence intervals,

our sensitivity analyses imply a wide range from 7.3 to 17.2 million adults. Absolute gains were largest among young adults and Hispanics, two groups with high uninsured rates at baseline. We found evidence that within the first 6 months of gaining insurance, more adults reported having a personal doctor and fewer had difficulties paying for medical care — even though the latter measure asked about the prior 12 months. These results are consistent with studies of previous insurance expansions that have shown that gains in coverage can lead to rapid improvements in access. In conclusion, we found that the number of Americans without health insurance declined significantly since the ACA open-enrollment period began in October 2013.

More here

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06
Aug
14

Rise and Shine

On This Day: President Obama greets a young supporter at a campaign rally for gubernatorial candidate Creigh Deeds in Tyson’s Corner Va., on Aug. 6, 2009 (Photo by Pete Souza)

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Today (All Times Eastern)

10:0: The President delivers remarks and participates in Session One of the U.S.-Africa Leaders Summit at the State Department: Investing in Africa’s Future.

12:30: Participates in Session Two: Peace and Regional Stability

2:30: Participates in Session Three: Governing the Next Generation

5:0: Holds a press conference, State Department

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10:0: First Lady Michelle Obama, in partnership with former First Lady Laura Bush and the Bush Institute, will host a day-long spouses symposium at the Kennedy Center focused on the impact of investments in education, health, and public-private partnerships.

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Jonathan Cohn: Obamacare’s Impact On The Uninsured, State By State: Where Officials Wanted It To Work, It Did

Need another reminder of why Obamacare’s impact depends heavily on the state where you live? Gallup has one for you. On Tuesday, the organization published a state-by-state breakdown of how the law has affected the rate of uninsurance, at least according to its polling. Arkansas seemed to make the most progress: In that state, by Gallup’s reckoning, the ranks of the uninsured fell by 10.1 percentage points. Next was Kentucky, at 8.5 percentage points. The states that made the most headway covering the uninsured,

according to Gallup, are states in which officials decided to build their own insurance marketplaces and to make all low-income people eligible for Medicaid, as the Affordable Care Act originally envisioned. The Medicaid expansion is obviously the big factor here, because it meant many more people (into the millions, in the largest states) became eligible for government-subsidized insurance. But it’s safe to assume that the states that undertook both steps were also the ones that put the most thought and effort into promoting the program.

More here

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Michelle Jamrisko: Services In U.S. Expand At Fastest Pace Since 2005

Service industries such as builders and retailers grew in July at the fastest pace since December 2005, signaling the U.S. economy was hitting its stride entering the second half of 2014. The Institute for Supply Management’s non-manufacturing index increased to 58.7, exceeding the highest estimate in a Bloomberg survey of economists, from the prior month’s 56, the Tempe, Arizona-based group’s report showed today. Readings greater than 50 indicate expansion. The median estimate in the Bloomberg survey called for 56.5.

Prospects for the world’s largest economy are improving as the group’s orders index reached an almost nine-year high, reflecting broad-based gains. Combined with another report showing factory bookings are also jumping, the pickup in demand raises the odds the job market will extend its recent progress. “We’re seeing numbers that we haven’t seen since well before the financial crisis and recession, and they seem to be more sustained,” said Terry Sheehan, an economist at Stone & McCarthy Research Associates in Princeton, New Jersey, whose ISM index projection of 57 was among the highest in the Bloomberg survey. The strengthening is “pretty much across the board for business activity, new orders and employment.”

More here

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Shobhana Chandra: Trade Gap Shrinks To Five-Month Low As U.S. Imports Drop

The trade deficit in the U.S. unexpectedly narrowed in June, reflecting the biggest drop in imports in a year as the economy moved closer to energy independence. The gap shrank 7 percent to $41.5 billion, the smallest since January, from May’s $44.7 billion, Commerce Department figures showed today in Washington. The median forecast in a Bloomberg survey of 66 economists called for a deficit of $44.8 billion. The drop in purchases of foreign goods included declines in autos and cellular phones, while petroleum imports were the lowest in more than three years.

Demand for goods made overseas will probably rebound in coming months, helped by growing household spending and business investment. Exports were little changed at a record, a sign markets overseas will represent less growth for American factories as Europe’s economy struggles to pick up and geopolitical tensions mount. “Imports are going to bounce back because of the strength of the U.S. consumer,” said Jay Bryson, global economist at Wells Fargo Securities LLC in Charlotte, North Carolina. “The U.S. is doing better than most advanced countries.”

More here

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Roberto A. Ferdman: Why Immigrants Are The Best Thing That Happened To Medicare

America’s growing immigrant population might not be all that bad for the country’s health-care system. In fact, it’s probably playing an important role in helping to keep it afloat. U.S. immigrants’ net contribution to Medicare’s Hospital Insurance Trust Fund, the program’s core funding source, was $183 billion between 1996 and 2011. US-born Americans? Negative $69 billion, according to a new report by the Partnership for the New American Economy, an immigration advocacy group. That means that immigrants have been pumping a lot more money in than they take out, while the rest of the population has been doing just the opposite. On a per person basis, immigrants contributed $62 more per person to the trust fund than the U.S.-born, and claim $172 less in benefits.

By the institute’s estimates, the cash contributed by immigrants over the 16-year span was more than a mere inconsequential boost. “Our analysis indicates that non-citizen immigrants, a group that includes both authorized and unauthorized immigrants, played a particularly large role subsidizing the care of the U.S.-born population,” the report says. The net $183 billion contribution was enough to ensure the prolonged buoyancy of Medicare trust fund, which according to the most recent projection will remain solvent through 2030.

More here

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On This Day

President Obama carries a cake into the Oval Office for a birthday party for Phil Schiliro, assistant to the president for legislative affairs, on Aug. 6, 2009 (Photo by Pete Souza)

President Obama waits to speak at a campaign rally for gubernatorial candidate Creigh Deeds in Tyson’s Corner Va., on Aug. 6, 2009 (Photo by Pete Souza)

President Obama waits backstage to speak at a reception in Tyson’s Corner Va., for gubernatorial candidate Creigh Deeds, on Aug. 6, 2009 (Photo by Pete Souza)

 President Obama speaks at a campaign rally for gubernatorial candidate Creigh Deeds in Tyson’s Corner Va., on Aug. 6, 2009 (Photo by Pete Souza)

President Obama shakes hands at a reception in Tyson’s Corner Va., for gubernatorial candidate Creigh Deeds, on Aug. 6, 2009 (Photo by Pete Souza)

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President Obama walks into the Oval Office with newly confirmed Supreme Court Justice Elena Kagan, Aug. 6, 2010 (Photo by Pete Souza)

President Obama signs Elena Kagan’s commission in the Oval Office, before a reception in the East Room celebrating her confirmation to the Supreme Court, Aug. 6, 2010 (Photo by Pete Souza)

President Obama visits with Supreme Court Justice Ruth Bader Ginsburg and newly confirmed Supreme Court Justice Elena Kagan in the Blue Room of the White House, prior to Kagan’s confirmation reception in the East Room, Aug. 6, 2010 (Photo by Pete Souza)

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President Obama is briefed on the tragedy in Afghanistan by Defense Secretary Leon Panetta, Adm. Mike Mullen, Chairman of the Joint Chiefs of Staff, National Security Advisor Tom Donilon, Chief of Staff Bill Daley, and national security staff, at Camp David, Aug. 6, 2011 (Photo by Pete Souza)

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Members of the press document President Obama during the Honoring America’s Veterans and Caring for Camp Lejeune Families Act of 2012 signing ceremony in the Oval Office, Aug. 6, 2012. (Official White House Photo by Sonya N. Hebert)

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President Obama takes the stage to deliver remarks on housing and home ownership at Desert Vista High School in Phoenix, Ariz., Aug. 6, 2013 (Photo by Pete Souza)

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President Obama joins Jay Leno for a taping of the “The Tonight Show with Jay Leno” in Burbank, Calif., Aug. 6, 2013 (Photo by Pete Souza)

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