Posts Tagged ‘obamacare

21
May
15

$2.5T In Savings?! Thanks, ObamaCare

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West Wing Reports: Guess How Much Healthcare Could Cost Now?

A report issued Wednesday says that the most recent official projections indicate that the U.S. will spend $2.5 TRILLION LESS on health care from 2014 until 2019 than had been originally estimated at the time the Affordable Care Act became law in 2010. That represents a nearly 11 percent decrease in projected spending, according to the report issued by the Urban Institute, with support from the Robert Wood Johnson Foundation.

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Russ Britt: Obamacare Making Insurers More Responsive, Efficient: Study

A provision in Obamacare governing spending guidelines for health insurers essentially has forced carriers to become more efficient and responsive, a study released Wednesday finds. The joint study from the Urban Institute and the Robert Wood Johnson Foundation says minimum requirements in the Affordable Care Act that mandate how much insurers must spend on medical care resulted in savings of

$5 billion for consumers in 2011 and 2012, the first two full years after Obamacare was enacted in March 2010. For 2011 policies, insurers paid $1.1 billion in rebates. By 2012, insurers had adjusted premiums to comply with the new guidelines, though they still ended up paying more than $500 million in rebates. But that adjustment in premiums saved consumers an estimated $3.4 billion, Clemans-Cope says.

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15
May
15

$7 Billion In Savings?! Thanks, ObamaCare

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Tara Culp-Ressler: Thanks To Obamacare, Hospitals Saved More Than $7 Billion Last Year

According to a new report from the Department of Health and Human Services (HHS), hospitals saved at least $7.4 billion last year, thanks in large part to reforms under Obamacare. The savings reflect a reduction in the so-called “uncompensated care” that hospitals provide to uninsured Americans, and are even greater than HHS officials predicted they would be at the beginning of this year. Since people without insurance typically don’t have any means to cover their medical bills, the cost of their treatment ends up falling on the hospital itself. Therefore, as more people gain coverage, it become less expensive for hospitals to care for their patients.

More than 16 million previously uninsured Americans have gotten covered under Obamacare, contributing to the biggest drop in the national uninsurance rate over the past four decades. The savings have been most pronounced in the states that agreed to accept Obamacare’s optional Medicaid expansion, which seeks to extend public insurance to additional low-income people. Nearly 70 percent of the savings documented in the HHS report — a total of $5 billion — occurred in the 29 states that have expanded Medicaid. And, if every state had agreed to add more people to their Medicaid rolls, their hospitals could have saved an extra $1.4 billion.

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13
May
15

ObamaCare: Providing Women The Healthcare They Deserve

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White House: What You Need To Know About The New Contraception Guidance

It is crucial that insurance companies provide all the benefits that women deserve under the Affordable Care Act, at no cost or inconvenience. So this week, the Obama administration took steps to eliminate any ambiguity around the reforms the ACA calls for. Here is what the Administration’s guidance makes clear: Most insurers must cover, without cost-sharing, at least one form of contraception in each of the 18 methods for women that the FDA has identified, including the ring, the patch, intrauterine devices (IUDs), and birth control pills. Additionally, the Administration is making a few other things clear to protect important preventive services:

Insurers must cover preventive screening, genetic counseling, and genetic testing for women who are more likely to have a certain type of gene that puts them at increased risk for breast cancer, if deemed appropriate by their providers. Issuers cannot limit preventive services based on an individual’s sex assigned at birth, gender identity, or recorded gender. This will help ensure that transgender people receive the care they need. If a plan covers dependent children, companies must provide recommended women’s preventive services for those dependent children.

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06
May
15

ObamaCare: Saving Lives And Keeping People Happy

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Sarah Kliff: Obamacare Creates Choice. That’s Why People Like It

Obamacare enrollees are more satisfied with their health insurance plans than those who get coverage outside the health law’s marketplaces, a new survey finds. J.D. Power and Associates on Thursday published a consumer satisfaction survey that looked at both people getting coverage through Obamacare and those who get coverage elsewhere, typically through their employer. They used a 1,000-point scale to measure how much people liked their coverage.

People who had coverage through Obamacare had an average satisfaction score of 696 in 2014, thinking back to their last year of coverage. During that same year, people in mostly employer-based plans had a satisfaction rating of 679 — 17 points lower. The J.D. Power survey suggests that there’s another variable enrollees think a lot about: choice. And this might actually circle back to the cost issue. People shopping on Obamacare have the option to decide whether they want a plan with a high premium or a low one.

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