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Federal Health Reform

News Story
7/29/2014
Posted by Mark Reback
Californians paid 22% to 88% more for individual health coverage this year than last, commissioner says The cost of health insurance for individuals skyrocketed this year in California, with some paying almost twice what they did last year, the state's insurance commissioner said. But Insurance Commissioner Dave Jones predicted that insurers...
News Story
7/24/2014
Posted by Mark Reback
Nearly 500,000 consumers across California will receive a piece of a $12 million refund from health insurance companies this summer as part of a provision under the Affordable Care Act, the U.S. Department of Health and Human Services said Thursday. Called the 80/20 rule or Medical Loss Ratio Rule the provision requires insurance companies to...
News Story
7/21/2014
Posted by Mark Reback
No law has done more to reform health insurance and protect consumers against the industry's most heinous practices than the Affordable Care Act. But Obamacare didn't magically transform insurers into benevolent entities solely devoted to taking care of sick people. Health insurance companies, even those that are not-for-profit, have to...
News Story
4/7/2014
Posted by Mark Reback
Executives at health insurance giant WellPoint are predicting they will have to implement "double-digit plus" rate increases next year, demonstrating once again just how politically tone deaf and profit-obsessed they apparently are. When I read WellPoint CEO Joe Swedish comments in Modern Healthcare that, there will "undoubtedly be...
News Story
4/7/2014
Posted by Mark Reback
WellPoint Inc. (WLP:US), the second-largest U.S. health insurer, is leading companies that have poured $13.4 million into defeating a ballot initiative that would give California regulators the power to reject increases in health policy premiums. WellPoint, based in Indianapolis, gave $12.5 million and its Anthem Blue Cross unit gave $270,000...
News Story
3/28/2014
Posted by Mark Reback
Time’s up, Obamacare. Ready for your grades? After six months, the first enrollment season is coming to an end. So it’s time to take stock, with POLITICO’s report card that covers the highs and lows of the rollout. If you’re a supporter of the law, you might be cringing right now — you know the areas where the grade...
News Story
3/24/2014
Posted by Mark Reback
Click here to listen to the audio of this radio broadcast segment. Under Obamacare, almost everybody has to have health insurance by next Monday or pay a penalty. For those who aren't covered by their employers or aren't poor enough to qualify for a federal subsidy, rates are 53% higher than they were last year. People who kept their old...
News Story
3/18/2014
Posted by Mark Reback
With two weeks left to sign up for coverage, California's health insurance exchange announced Monday it has surged past a major milestone -- 1 million enrollments -- well ahead of its March 31 goal. And a new report suggests what may be the biggest motivator for people when they are choosing a new health plan: cost. Insurers like Blue Shield...
News Story
3/8/2014
Posted by Mark Reback
Dawn and Nick LaPolla of Fair Oaks are solidly middle class, and they aren’t uninsured. Yet their required switch to a new health insurance plan under federal changes puts them at a financial crossroads. If they earn less than $94,200 a year, the family of four’s preferred plan through the California health exchange would cost about $...
News Story
2/8/2014
Posted by Mark Reback
For millions, subsidies don't kick in until up to 9.5% of their income goes to premiums. The lure used to get uninsured Americans to sign up for health law coverage was the promise of generous premium subsidies. The promise comes with a catch for almost 3 million people earning three to four times the federal poverty rate: They may have to pay...