Acording to an artice published 12/17/2012 on the MSEC website by Tina Harkness, Colorado is among the first six states to receive conditional approval from the Department of Health and Human Services (HHS) of the progress it has made toward creating a state health insurance exchange. The other states were Connecticut, Massachusetts, Maryland, Oregon, and [...]
According to a recent blog by Bob Laszewski, a noted health care wonk, the American public is in for a sever case of sticker shock when the Affordable Care Act goes into full effect in 2014. His research indicates that on average, we should expect a 30% to 40% increase in the baseline cost of [...]
According to an article by Michael Booth published December 3, 2012 in the Denver Post, the State of Colorado is being more agressive in appraising and permiting new premium increases by health insurance companies. The federal Affordable Care Act of 2010 requires review of hikes of more than 10 percent a year. The act also [...]
The Affordable Care Act requires Americans have access to quality, affordable health insurance. To achieve this goal, the law requires health plans offered in the individual and small group markets, both inside and outside of the Affordable Insurance Exchanges (Exchanges), offer a comprehensive package of items and services, known as “essential health benefits.” Essential health [...]
One of the most impactful regulations of the Affordable Care Act (Obamacare) that has already gone into effect is the requirement that no child under 19 may be turned down for health coverage. For the family with a child with a significant ”pre-existing condition” this is a godsend. For the insurance companies it is a [...]
RICARDO ALONSO-ZALDIVAR of the Associated Press wrote an interesting article published August 7, 2012. Here are some excerps:
The feds may be gaining on GOP governors who’ve balked at carrying out a key part of President Barack Obama’s health care overhaul law.
Opponents of the law say they won’t set up new private health insurance [...]
COBRA is an acronym for Consolidated Omnibus Budget Reconciliation Act. This law, enacted in 1985 assures an employee who leaves a company with 20 or more full time employees, a continuation of their health insurance coverage for up to 18 months except in cases of “gross misconduct” (36 months for the spouse in the case [...]
Madison Park and Elizabeth Landau of CNN have written an informative piece on 10 of the lesser known aspects of the the Affordable Care Act (Obamacare). Below are the highlights of the article.
1. How many goodies your doctors get
Is your doctor prescribing you certain drugs because those are the best for your condition [...]
Well, to start off, you are a year older each birthday and thus statistically more expensive to cover. Now, the increase for a 25 year old that turns 26 is relatively small. But, for a 55 year old, with growing health care needs that turns 56, the increase can be significantly higher.
So, the older [...]
Don’t have the slightest clue what your health insurance covers?
As part of the Affordable Care Act the government intends to take care of that. According to a recent article by the Associated Press “the Obama administration says that’s going to change, starting this year. Officials announced that private health plans will have to [...]