Daily Archives: June 27, 2013

Oregon slashes 2014 health insurance premium requests by as much as 35 percent

Oregon slashes 2014 health insurance premium requests by as much as 35 percent | OregonLive.com.

Oregonians who buy their own insurance have the first clear indication of what 2014 premiums will look like after state regulators Tuesday slashed carriers’ rate requests by as much as 35 percent.

The state’s rate decisions show that monthly premiums for a single, 40-year-old Portland-area male nonsmoker — the example provided by the state — start at $166 a month and go as high as $274 for basic plans.

No rate shock in Oregon. The article seems to believe this single example indicates there won’t be rate shock in other states. Keep in mind that Oregon already had high insurance premiums compared to many other states.

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This Georgia hospital shows why rejecting Medicaid isn’t easy.

This Georgia hospital shows why rejecting Medicaid isn’t easy.

If Georgia expanded Medicaid, Grady chief executive John Haupert says it would cover more than 27,000 uninsured patients now seeking free medical treatment at the hospital. It also would have helped the hospital with an estimated $60 million economic boon.

In recent years, Grady has received about $90 million in annual DSH funding. Matthew Hicks, the hospital’s vice president of government relations, projects that the Affordable Care Act will nearly slash that amount in half by 2018. Without the Medicaid expansion, the impending $45 million loss won’t be offset. “It’s a double whammy,” he says. “You lose DSH funding, you don’t have insured patients, and somehow you’ve got to make up that difference.”

I see lots of arm twisting going on.

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A Surprising Health Insurance Option For Those Who Refuse ObamaCare

A Surprising Health Insurance Option For Those Who Refuse ObamaCare – Forbes.

But just because millions of Americans refuse to get ObamaCare-qualified coverage doesn’t mean they will be uninsured. There are policies available now that would work very well for the ObamaCare avoiders.

Access to  health insurance options doesn’t end if you refuse Obamacare coverage. Depending on your state, there can be a substantially larger variety of options then the article mentions.

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Colorado Struggles to Educate, Enroll Residents in New Health Insurance Exchange

Colorado Struggles to Educate, Enroll Residents in New Health Insurance Exchange | PBS NewsHour | June 25, 2013 | PBS.

Michelle Bledsoe doesn’t make enough money to afford health insurance and makes too much money to qualify for Medicaid. That’s why she comes to the clinic, where care is offered on a sliding scale.

When the new federal law kicks in next year, many people who come here will likely qualify for a government subsidy that may make coverage affordable; 13 insurance companies have agreed to participate on the Colorado exchange. They will offer more than 240 different plans. Like all the other states, there will be various levels to choose from. In Colorado, a bronze or basic package for a 40-year-old nonsmoker starts at $177 dollars a month.

More generous plans go up from there, silver, $232 dollars, gold, $273 dollars, and the platinum would cost $311 dollars a month for an individual.

A very interesting experiment is about to begin.

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Obamacare Could Produce $100 Trillion Medicare Shortfall

Obamacare Could Produce $100 Trillion Medicare Shortfall.

Medicare — despite the administration’s rosy forecasts — is headed for a financial crisis, thanks largely to Obamacare, say healthcare experts John Goodman and Laurence Kotlikoff.

The problem?

As for Obamacare, “to pay for the expansion of health insurance for the young, the new health law calls for steep cuts in the growth of healthcare spending on the elderly,” Goodman and Kotlikoff write.

The say “draconian” cuts in payments to providers will have to be made.

Nothing to see here, move along…

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