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Category Archives: Health Care

Obamacare Lawsuit

Obamacare Lawsuit

 



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After countless lawsuits against the Affordable Care Act (ACA)  were rejected by the Supreme Court, Republicans in the House of Representatives finally had a huge victory on Thursday (05.12.16) when a Judge ruled in favor of their lawsuit against the ACA stating that certain Obamacare payments have been funded illegally.


U.S. District Judge Rosemary Collyer struck down a portion of President Obama’s Affordable Care Act health law, ruling in favor that the Obama administration unconstitutionally provided money to pay for subsidies that were allegedly never appropriated by Congress for the ACA’s cost-sharing provisions.

Those provisions include covering costs for co-payments, reduced deductibles & coinsurance, that an estimated 5.6 million or 56% of Americans receive for plans purchased through the Affordable Care Act’s insurance exchanges. Continue Reading

Higher Premiums & Fewer Choices in 2017 for Obamacare Buyers

Higher Premiums & Fewer Choices in 2017 for Obamacare Buyers

 


photo 2Consumers throughout America may see an increase in monthly premiums for health coverage next year, as a result of Health Insurers being stung by the high cost of covering public health exchange enrollees and struggling to make a profit.


The nation’s largest health insurer; UnitedHealth Group Inc. announced in April that it will exit at least 24 of the 34 states where it offers health plans on the public health insurance exchanges next year, leaving Obamacare buyers with fewer choices in 2017.

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UnitedHealth’s Obamacare exchange exit strategy

UnitedHealth’s Obamacare exchange exit strategy

If you signed up for a UnitedHealth Group plan on an Obamacare exchange for 2016, don’t count on renewing your coverage next year if you live in Connecticut, Michigan, or dozens of other states. The nation’s largest insurer said it is pulling out of the individual exchange business in 2017, in all but a few markets.

“Next year, we will remain in only a handful of states,” UnitedHeath CEO Stephen Hemsley said on the company’s earnings conference call Monday. “We continue to remain an advocate for more stable and sustainable approaches to serving this market and those who rely on it for care.”

United first sounded the alarm about its Affordable Care Act participation five months ago, projecting more than $1 billion in ACA losses for 2015-2016. Part of the problem was that its Obamacare members had more health issues and required more medical services and prescriptions than members in its other insurance units. United officials say that trend hasn’t changed.

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Find, compare & buy healthcare. Gov & State exchange health plans instantly.

Find, compare & buy healthcare. Gov & State exchange health plans instantly.

Find, compare and buy healthcare. Gov and state exchange health plans instantly.

Posted by Loyalty One Insurance Solutions LLC on Tuesday, October 13, 2015

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