Month: September 2015
The chief executives of two of the nation’s largest health insurance companies told skeptical senators on Tuesday that consumers would benefit if the federal government approved their plans to acquire two other big insurers. But Consumers Union, a consumer advocacy group, expressed doubts about the deals, and Senator Richard Blumenthal, Democrat of Connecticut, objected to ...
Six years after eliminating health coverage for adult immigrants living in the U.S. illegally during the Great Recession, Contra Costa County has cobbled together enough money to begin insuring them again, although the program could be short-lived. The Board of Supervisors voted 4-1 Tuesday to launch a $1 million pilot program aimed at providing primary ...
The nation’s biggest nonprofit health insurer spawned by the Affordable Care Act has been ordered to shut down as it reels toward insolvency, disrupting coverage for more than 200,000 New York state residents and becoming the fourth such co-op to collapse in recent months. The action Friday to force Health Republic Insurance of New York ...
Not-for-profit hospitals increasingly are entering the health insurance market in an effort to boost revenue during a period of slow growth,according to a report released last week by Moody’s Investors Service, Modern Healthcare reports. According to the report, the hospitals are making such moves even as the startup costs and short-term losses have put a ...
As a third open-enrollment season nears under the Affordable Care Act, the Obama administration plans to focus on 10.5 million uninsured Americans, trying to persuade them to sign up for coverage that they have ignored or rejected in the past. According to estimates released Tuesday by Health and Human Services Secretary Sylvia Mathews Burwell, that is ...
Efforts are underway to jump-start negotiations to come up with an equitable tax on health plans that will fill a $1.1 billion gap in the Medi-Cal budget. Legislative leaders announced conference committee appointments Wednesday, after lawmakers failed to come up with a fix before the regular legislative session ended Sept. 11. That wasn’t a formal ...
Employers are leaving a bigger chunk of the bill for care to workers who use their health insurance, and benefits experts see few signs of this trend slowing. Most companies now offer health coverage that requires employees to pay an annual deductible before insurance kicks in, and the size of that deductible has soared in ...
Republicans will seek to repeal a range of ObamaCare taxes as well as the healthcare law’s mandates to buy insurance through the fast-track process known as reconciliation. President Obama is sure to veto the measures, but reconciliation will allow them to at least reach his desk, bypassing an expected Senate Democratic filibuster. The process is ...
When it comes to health care costs, it’s clear: Where you live matters. And in California, the gap is especially sharp between the north and south. Take, for instance, common procedures like a cesarean section or a total knee replacement. The total average price tag for a typical C-section in the four-county Sacramento area is ...
American workers saw their out-of-pocket medical costs jump again this year, as the average deductible for an employer-provided health plan surged nearly 9% in 2015 to more than $1,000, a major new survey of employers shows. The annual increase, though lower than in previous years’, far outpaced wage growth and overall inflation and marked the continuation ...