Posts Tagged ‘insurance

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.

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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.

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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.

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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.”

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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.”

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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.

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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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04
Aug
14

ObamaCare: Helping Medicare Function Efficiently

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Sara Kliff: The Amazing News Buried Inside A 283-Page Medicare Report

This is arguably the most unexpected piece of news in the new Medicare Trustees report: the government’s hospital insurance program might be spending less money to cover more beneficiaries than it did a year ago. Medicare’s hospital insurance program — known to wonks as Medicare Part A — spent $266.8 billion covering 50.3 million people in 2012. In 2013, the the same program spent $266.2 billion to cover 51.9 million people. what’s definitely clear — and what’s driving this trend — is that Medicare is spending significantly less per person than they did two years ago.

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And this report expects that trend to continue for another two years going forward. By 2015, the Medicare Trustees’ Report projects that the program will spend less per person on hospital care than it did in 2008. This doesn’t happen much in health care: not just slower growth, but the actual dollar amount spent on a given type of care dropping. The Affordable Care Act, for example, penalizes preventable readmissions — times when seniors turn up at the hospital a second time after something goes wrong during their first visit. Readmissions have been falling pretty steadily for the last few years, and those reductions could be showing up in the lower per-person spending.

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28
Jul
14

ObamaCare Works – And Kentucky Is Proof

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LEO Weekly: Medicaid Expansion Leads To Booming Reimbursements, Plunging Uninsured Rate In Kentucky

Kentucky’s Department of Medicaid Services has also provided this map that shows how the uninsured rate has plummeted within each county since 2012, assuming that 75 percent of Kynect enrollees did not previously have insurance (as indicated in their Kynect application): While this drop is staggering through the state, it is most pronounced in the four eastern Kentucky counties of Harlan, Letcher, Leslie and Perry, who went from 17-20 percent uninsured to less than 5 percent. These four counties went from some of the highest uninsured rates to the lowest in the entire state. Thanks, Obama.

While rural hospitals in Kentucky still face unique challenges that must be addressed, including how well Medicaid managed care is able to meet the increased demand for providers, the rosy estimates given by Gov. Beshear last year on the effects of embracing the Affordable Care Act appear to be coming to fruition. The question still remains whether Kentucky’s legislature will decide to continue these efforts next year, or whether a possible new Republican majority in the state House will decide to roll back the clock.

More here

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Mary Meehan: Affordable Care Act Refunds Due From Four Kentucky Insurers

Kentucky families will receive $6.2 million in refunds, an average of $43 per family, under a provision of the Affordable Care Act known as the 80/20 rule. The refunds announced Thursday by the federal government are the result of the rule requiring insurance companies to spend at least 80 percent of the money paid in premiums on patient care. If the companies don’t reach that amount with spending on bonuses or red tape, it must be refunded to their customers.

According to a news release from the federal Department of Health & Human Services, consumers nationwide will receive $330 million. Four Kentucky health insurance plans will refund money. Anthem Health Plans of Kentucky had by far the largest refund at $4.4 million. Humana Health Plan was at $766,295, Golden Rule Insurance Co., $342,336, and Time Insurance Co., $333,096.

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24
Jul
14

Rise and Shine

On This Day: Senator Barack Obama leaves the stage after making a speech in front of the Victory Column in Berlin on July 24, 2008

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Today

9:50 PDT: The President attends a DNC fundraiser, private residence, Los Angeles

1:25 PDT: Delivers remarks, Los Angeles Trade-Technical College

3:05 PDT: Departs Los Angeles

5:0 EDT The President’s interview with CNBC’s Steve Liesman is aired

10:50 EDT: Arrives White House

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@petesouza: Pres Obama disembarks from AF1 in LA

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LA Times: In Los Angeles, Obama Gives His Die-Hard Supporters A Tough-Love Talk

President Obama delivered a tough-love talk to his biggest boosters  Wednesday, telling Democratic donors gathered in Los Angeles that they need to step it up before November if he’s going to get much done in his last two years in office. “You thought, ‘OK, we elect Barack and that’s it,’” Obama told a crowd big-dollar donors gathered in the lush Hancock Park backyard of TV producer Shonda Rhimes. He reminded them that he’d warned that it wasn’t about electing him but about getting “our democracy to work.” “I have got to have a Congress that has some sense and is willing to work and is willing to compromise and is focused on the American people. And we don’t have that right now.” Obama is often candid about what he describes as Democrats’ chronic problem: low turnout in midterm elections. But his remarks Wednesday came with a sharper ribbing for a crowd he seemed to think could take it.

Democrats like the fun of a presidential campaign, Obama said. But “we’ve got to step it up in the midterms. Not when it’s easy, not when it’s sexy, not when there’s hope posters….” While Democrats “don’t even know there’s an election,” Obama said, Republicans get to the polls. “Lo and behold we’re surprised when John Boehner is speaker of the House! What happened to Nancy Pelosi? What happened is y’all didn’t vote. And that’s when all kinds of … stuff happened,” Obama said, pausing as if deliberating on whether to keep the rant clean. “That’s what it was — stuff.”

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Marketwatch: Jobless Claims Lowest In More Than Eight Years

The number of unemployed workers applying for jobless benefits tumbled in the most recent weekly data to the lowest level in more than eight years, signaling that employers are letting go of very few workers.

Applicants for regular state unemployment-insurance benefits in the week that ended July 19 dropped by 19,000 to 284,000 — the lowest level since February 2006, the U.S. Labor Department reported Thursday. Economists surveyed by MarketWatch had expected initial claims of 310,000 in the most recent weekly data.

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Steve Benen: Jobless Claims Improve To Eight-Year Low

The last time the Labor Department published a report on initial unemployment claims this good, the Great Recession hadn’t even started yet:

The number of people who applied for regular state unemployment-insurance benefits in the week that ended July 19 tumbled by 19,000 to 284,000 – the lowest level since February 2006 – signaling that companies have further slowed down the pace of layoffs and are letting go of few workers, according to government data released Thursday….

Regular readers know I run the above chart every Thursday morning, highlighting initial unemployment claims since January 2007, the year the Great Recession started. Look closely, however, and you’ll notice that today’s report is the best since before the chart began.

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Chicago Tribune: U.S. Health Insurers To Pay $330 Million In Premium Rebates

U.S. health insurers will send out about $330 million in rebates to employers and individuals this summer under President Barack Obama’s healthcare law, the U.S. Department of Health and Human Services said on Thursday.

The law, often called Obamacare, requires insurance companies to refund customers when they spend less than 80 percent or 85 percent of healthcare premiums they collect for medical care.

The rebates will go to about 6.8 million people and have a value of about $80 per family. They are to be sent by Aug. 1 either directly to consumers or to the employer providing the health coverage, who is required to pass the savings onto employees, the agency said in a report.

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Pro Publica: Even After Open Enrollment, Activity Remains Unexpectedly High On Federal Health Insurance Exchange

New federal data, obtained by ProPublica under the Freedom of Information Act, shows nearly 1 million insurance transactions since mid-April.

For months, journalists and politicians fixated on the number of people signing up for health insurance through the federal exchange created as part of the Affordable Care Act. It turned out that more than 5 million people signed up using Healthcare.gov by April 19, the end of the open-enrollment period.

But perhaps more surprising is that, according to federal data released Wednesday to ProPublica, there have been nearly 1 million transactions on the exchange since then. People are allowed to sign up and switch plans after certain life events, such as job changes, moves, the birth of a baby, marriages and divorces.

The volume of these transactions was a jolt even for those who have watched the rollout of the ACA most closely.

More here

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CNN: CNN Poll: Is Obamacare Working?

More than half the public says Obamacare has helped either their families or others across the country, although less than one in five Americans say they have personally benefited from the health care law, according to a new national poll. A CNN/ORC International survey also indicates that a majority of Americans oppose the Affordable Care Act, but that some of that opposition is from people who don’t think the measure goes far enough.

The poll, conducted this past weekend, was released on Wednesday, one day after a federal appeals court upheld Obamacare tax subsidies. That ruling came just a couple of hours after a separate appeals court struck down such subsidies for the millions of Americans enrolled in the federal government’s HealthCare.gov exchange. 53% say that Obamacare has helped either their families or others across the country.

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ThinkProgress: Demonizing Migrant Children Proves An Epic Fail For Anti-Immigrant Groups

Anti-Immigrants can’t even throw a good rally anymore.

Anti-immigrant groups have hit upon the issue of children fleeing violence who are arriving unaccompanied by adults at our southern border. These children are coming from three countries: El Salvador, Honduras and Guatemala. All three countries have very serious problems with gang violence, murder and child trafficking into prostitution. Under current US federal law these children have the right to have their cases thoroughly evaluated to ensure that no child is returned to a country where they might be killed, injured or trafficked.

… To make their case that Americans are really upset about an increase in unaccompanied children at the border, anti-immigrant groups staged what was supposed to have been a massive number of protests around the country. They staged a “National Day of Protesting Against Immigration Reform, Amnesty & Border Surge”….

…. Despite this all in effort, the anti-immigrants failed miserably to turn people out to protest children. If these rallies around the country were meant to demonstrate the power of the anti-immigrant movement, they may instead signal its end. In many cases, no one showed up at all.

More here

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Brian Beutler: The Conservative Judges Who Ruled Against Obamacare Missed This One Very Important Detail

We now know that two conservative judges on the D.C. Circuit Court of Appeals have declared it illegal for the government to subsidize Obamacare health plans in states that didn’t set up their own insurance exchanges. In reaching that conclusion, Judge Thomas Griffith, who authored the opinion of the court, sought to rebut each of the Obama administration’s arguments to the contrarythat the law clearly contemplates subsidizing health plans in every state whether or not a state built its own marketplace. But in one instance he based his counterargument on information that became outdated less than one week ago.

And the recent development turns that counterargument on its head. One of the White House’s most straightforward arguments is that neither Congress nor the administration would have approved a punitive system so at odds with the ACA’s ultimate, stated goal of achieving near-universal insurance coverage. The law seeks to achieve near-universal coverage by mandating the purchase of guaranteed, subsidized (and thus affordable) health plans. Take away the subsidies, and the plans are no longer affordable. If the plans aren’t affordable, they’re no longer compulsory. And if they aren’t compulsory and affordable the coverage expansion goal will be unattainable.

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On This Day

Senator Obama waves to the crowd after making a speech in front of the Victory Column in Berlin, July 24, 2008

Sen. Obama waves from his car on July 24, 2008 in Berlin, Germany

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President Obama shares a lighter moment with Vice President Biden in the Oval Office on July 24, 2009 (Photo by Pete Souza)

President Obama meets with leaders from the disability community in the Roosevelt Room of the White House on July 24, 2009 (Photo by Pete Souza)

President Obama shakes the hand of a young military family member at the Marine Barracks evening parade in Washington, D.C. on July 24, 2009 (Photo by Samantha Appleton)

President Obama and First Lady Michelle Obama attend the U.S. Marine Barracks evening parade in Washington, D.C. on July 24, 2009 (All photos by Samantha Appleton)

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First Lady Michelle Obama bids farewell to departing staff Eirene Busa, White House Stenographer, center left, and Holli Crawford, White House Communications Agency, center right, aboard Bright Star during a flight from Manchester, N.H., to Joint Base Andrews, Md., July 24, 2011 (Photo by Samantha Appleton)

President Obama and Vice President Biden walk around the South Lawn of the White House, Sunday, July 24, 2011 (Photo by Pete Souza)

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President Obama greets patrons and restaurant staff during a local stop at the Gateway Breakfast House in Portland, Ore., July 24, 2012 (Photo by Pete Souza)

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President Obama presents Sen. Claire McCaskill, D-Mo., with a birthday cupcake aboard Air Force One, July 24, 2013 (Photo by Pete Souza)

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11
Jul
14

ObamaCare: Preserving Medicare For Future Generations

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Mother Jones: Medicare Just Keeps Producing Great Budget News

Medicare has been a bastion of good news lately. Every year, the CBO reduces its baseline estimate of Medicare costs, which have dropped by more than $1,000 since 2010. It is clear that the Medicare savings provisions in the ACA, such as reductions in provider payment updates and Medicare Advantage payments, have played a major role. In addition to scheduled reductions in Medicare’s more formulaic payment rates, providers may be tightening their belts and looking to deliver care more efficiently in response to financial incentives included in the ACA, and it is possible that these changes are having a bigger effect than expected.

For example, CMS recently reported that hospital readmission rates dropped by 130,000 between January 2012 and August 2013. It is also possible that hospitals and other providers are using data and other analytic tools more successfully to track utilization and spending and to reduce excess costs. Another more straightforward factor is that several expensive and popular brand-name drugs have gone off patent in recent years, which has helped to keep Medicare drug spending in check.

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02
Jul
14

ObamaCare: ‘More Got Insurance In First Half Of 2014 Than Lost It In 8 Years Of Bush’

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LOL GOP: More Americans Gained Insurance In The First Half Of 2014 Than Lost It Under 8 Years Of Bush

Of George W. Bush’s myriad of failures that continue to wreck havoc at home and abroad, 7.9 million Americans losing their health insurance rarely gets mentioned. “When [former president Bill] Clinton left office, the number of uninsured Americans stood at 38.4 million,” Ron Brownstein wrote in 2009. “By the time [former president George W.] Bush left office that number had grown to just over 46.3 million, an increase of nearly 8 million or 20.6 percent.” And as Bush left office, the percentage of those without insurance continued to grow as millions continued to lose their jobs in the recession President Obama inherited. But in 2011 the percentage of uninsured began to shrink slightly as the Affordable Care Act went into effect.

That shrinkage leveled out over the next two years but 2014 will likely offer the biggest reduction in the uninsured population at least in decades. The Incidental Economist‘s Aaron Carroll — who hosts a great YouTube series called Healthcare Triage — looked at a new survey from Gallup and found that it suggests “about 10-11 million Americans are newly insured this year. Almost 9 million of them received private insurance through the exchanges.” This means far more Americans have gained health insurance in the first six months of this year than lost it under George W. Bush. It also means that every prediction Republicans have made about this law has been wrong.

More here

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27
Jun
14

ObamaCare: Less Than The Price Of Cable

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German Lopez: Millions Of Americans Are Paying Less For Obamacare Than Cable

Subsidized shoppers on HealthCare.gov are paying, on average, $82 monthly premiums for health plans, new data from the US Department of Health and Human Services shows. The report, published Wednesday, is the most in-depth look available so far at the prices that federal marketplace shoppers will pay for private health coverage. It shows the vast majority of shoppers will use federal subsidies to pay for insurance, significantly reducing their monthly price tag. Senior HHS officials, in a conference call with reporters Tuesday, emphasized the report’s findings to show that Obamacare is keeping prices low for shoppers and bringing new competition to the insurance markets.

To the Obama administration, the report is more evidence the health-care law is working as intended. About 87 percent of subsidized HealthCare.gov shoppers had at least part of their premium covered with tax credits, which are available to low and middle-income Americans. How much shoppers paid depended largely on how generous of an insurance plan they selected. After accounting for subsidies, enrollees paid an average of $69 per month for the least-generous bronze plan to an average of $220 per month for the most-generous platinum plan. As a result of the subsidies, about two-thirds of HealthCare.gov shoppers who qualified for tax credits are paying $100 or less each month for health insurance.

More here

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German Lopez: Gallup: Most Newly Insured Americans Used Obamacare’s Exchanges

One in 20 Americans report being newly insured in 2014, and more than half of the newly insured say they obtained health insurance through Obamacare’s exchanges, according to new data from Gallup. Gallup previously found the nation’s uninsured rate remains at 13.4 percent after a peak of 18 percent last year. That finding, along with the new data, suggests that Obamacare helped millions of Americans gain health insurance after open enrollment began last October.

More here

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18
Jun
14

The Affordable Care Act Lives Up To Its Name

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Columbus Dispatch: Obamacare Premiums Average $80 A Month

People who signed up for coverage under President Barack Obama’s health-care law are paying about $80 a month in premiums on average, the administration reported yesterday. The new numbers from the Health and Human Services Department cover only the 36 states where the federal government took the lead in setting up new insurance markets, accounting for about 5.4 million of the 8 million people who signed up nationally. Major states like California and New York were not included, but that might not affect national averages by much. The law limits what people pay for a benchmark plan to a fixed share of their income, regardless of where they live.

Among the major findings: • Taxpayers are subsidizing 76 percent of the average monthly premium in the 36 federally administered markets. • The average premium is $346 a month, but the typical enrollee pays just $82. Tax credits averaging $264 a month cover the difference. The government pays the subsidy directly to insurers. • After tax credits, Mississippians paid the least for coverage — averaging just $23 a month on average premiums of $438.

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Alex Walsh: Obamacare Side Effect: Alabama Medicaid Enrollment Goes Over 1 Million Due To Awareness, Rule Changes

Alabama has so far rejected the federal government’s proposal to expand Medicaid. Regardless, the Affordable Care Act still had the effect of increasing the size of Alabama’s Medicaid rolls. Medicaid enrollment in Alabama jumped up noticeably in January 2014, from around 970,000 to just over 1 million. Part of the reason behind the increase was a rule change enacted by the Affordable Care Act. The ACA required the state to transfer about

23,000 children from ALL Kids (Alabama’s Children’s Health Insurance Program, or CHIP) over to the Medicaid rolls. Health care analysts also say that the roll-out of the Affordable Care Act brought a new wave of attention to health insurance, motivating many Americans to check their eligibility for various existing programs. This effect has been called “wood working” by some organizations, including Kaiser.

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Bozeman Daily Chronicle: Letter To The Editor: Affordable Care Act Feels Like I Won The Lottery

I must add my so so appreciative voice to all the press about the Affordable Care Act (ACA). I must say it is the best thing that has come along in my lifetime since “sliced bread.” My husband and I paid $14,520 in premiums alone this year for very high deductible policies. The ACA is allowing the premium cost to stay within 9.5 percent of your income if you are in the 400 percent above poverty income range. Our premiums were well above that percentage of our income.

This high premium stuff with riders and coinsurance has been going on for us since 2007 when we lost our group coverage, with hugely increasing premiums every year. Before we got any help from insurance our out-of-pocket would have been $30,000. Our joined premium per month will be $660 and our maximum out-of-pocket for care will be $3,250 each. I feel like I won the lottery: no riders and no preexisting Blue Cross policies with nationwide providers.

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