Monday, September 30 2013 6:30 AM EDT2013-09-30 10:30:08 GMT
(RNN) - One of the many growing pains related to the Affordable Care Act could be the effect on hospitals focused on treating low-income patients and those without insurance. The majority of healthcareMore >>
The Affordable Healthcare Act promises insurance for everyone, but that still may not mean you can visit any hospital you want - even if it's right down the street.More >>
Sunday, September 29 2013 7:30 AM EDT2013-09-29 11:30:05 GMT
The medical profession became a profession in the 19th century as scientific advances broadened the amount of knowledge so much that specialization was necessary.More >>
A burst of scientific advances in the 19th century so broadened the amount of knowledge required to practice medicine, that specialization became necessary, essentially turning the practice of medicine from a hit-or-miss avocation into a profession. The evolution of medicine caused the cost of care to rise so that the practice of medicine - and insurance - became money-making industries. More >>
Saturday, September 28 2013 6:42 AM EDT2013-09-28 10:42:30 GMT
(RNN) – The success or failure of Obamacare in the hands of Millennials, that's why a generation raised on the internet is being marketed to harder than any other. According to a Pew Research Center surveyMore >>
Millennials and how they respond to advertisements for and against the Affordable Care Act is directly related to the success or failure of President Obama's cornerstone legislation.More >>
Friday, September 27 2013 4:30 PM EDT2013-09-27 20:30:59 GMT
(RNN) - The list of major companies publicly pleading their case over rising prices and inability to retain workers once the new healthcare law takes effect was like a row of dominoes. First, one companyMore >>
Some businesses are still worried about the financial effect the new healthcare law will have on their bottom lines. The reality is there isn't as much to be afraid of as a lot of people think. More >>
Thursday, September 26 2013 7:09 PM EDT2013-09-26 23:09:36 GMT
(RNN) - If you haven't already been hearing a lot about the federal health reform lately, chances are you will soon . Several major provisions of the law, commonly known as Obamacare, are taking effectMore >>
Several major provisions of the Affordable Care Act, commonly known as Obamacare, are taking effect in the coming months. Here are some details on what's happening, how it will work, and what it means for you.More >>
Wednesday, September 25 2013 9:58 AM EDT2013-09-25 13:58:39 GMT
(RNN) - Republicans in Congress are threatening to shut down the government because they say Obamacare is too expensive and the government needs to rein in spending. But just who is paying for it? TheMore >>
Beginning in 2014, the main parts of the Affordable Care Act, otherwise known as "Obamacare," take effect. But who's paying for it, and how much, is going to have long-term implications on our checkbooks. More >>
Monday, September 23 2013 4:52 PM EDT2013-09-23 20:52:42 GMT
The confusion over Obamacare has created an opportunity for scammers to prey on the public by targeting vulnerable people who do not understand how the new healthcare exchange will work or how to sign up for it.More >>
The confusion over Obamacare has created an opportunity for scammers to prey on the public by targeting vulnerable people who do not understand how the new healthcare exchange will work or how to sign up for it. More >>
Thursday, September 12 2013 1:27 PM EDT2013-09-12 17:27:04 GMT
One of Obamacare's most controversial elements is the requirement that most Americans carry health insurance or face a fine. The Treasury Department in August released a 75-page guideline detailing what'sMore >>
The Affordable Care Act mandates a fine for those who do not purchase what the law calls "minimal essential coverage." The IRS is charged with enforcing the mandate, but has limited authority in collecting the fines associated with going without insurance. More >>
Saturday, September 28 2013 7:33 AM EDT2013-09-28 11:33:06 GMT
(RNN) - One major aspect of the Affordable Care Act is that it makes preventive care for those insured under Marketplace private insurance plans, free - which means no co-payment, coinsurance or deductible. However,More >>
One major aspect of the Affordable Care Act is that it makes preventive care for those insured under Marketplace private insurance plans, free - which means no co-payment, coinsurance or deductible.More >>
A Federal Reserve survey shows the U.S. economy held steady during the 16-day partial government shutdown, growing moderately in most regions from October through late November.More >>
A Federal Reserve survey released Wednesday found that the U.S. economy held steady during the 16-day partial government shutdown, growing moderately in most regions from October through late November.More >>
Thursday, October 17 2013 4:40 PM EDT2013-10-17 20:40:19 GMT
(RNN) - By passing a last-minute deal on the debt ceiling, and a 16 days-late deal on the government shutdown, Congress finally got back to doing its job. So, what now? Some people may see it as the timeMore >>
With a budget passed only until January, a debt ceiling deal through February and a bunch of days off for Congress until then, the country may be back in the same situation soon.More >>
Thursday, October 17 2013 5:27 AM EDT2013-10-17 09:27:22 GMT
A last-minute deal has been struck, allowing the federal government to avoid a shutdown. A shutdown would have suspended all federal government services deemed non-essential. All federally-funded museums,More >>
Congress has passed a bill to fund the government and lift the debt ceiling, avoiding default. More >>
Sunday, October 13 2013 6:52 PM EDT2013-10-13 22:52:24 GMT
WASHINGTON, DC (RNN) - Despite the WWII Memorial being closed, members of the Million Vet March have gathered in Washington, DC to protest the government shutdown – according to media reports. "We do notMore >>
Veterans gathered at the World War II Memorial in Washington, DC to protest the government shutdown.More >>
Saturday, October 12 2013 10:44 PM EDT2013-10-13 02:44:59 GMT
People nationwide have been unable to access welfare benefits through their EBT cards Saturday. Reports on the matter indicated the issue has no connection to the government shutdown.More >>
Xerox, which handles EBT systems in several states, said Saturday night the problem that prevented people from using their cards to shop has now been corrected. More >>
(RNN) - Insurance companies may face reduced profits once the new Affordable Care Act, better known as Obamacare, goes into effect.
Facing potential losses are the largest U.S. medical insurer, UnitedHealth and others such as Aetna, WellPoint, Cigna and Humana. These companies are concerned about profit limits and new taxes to cover some of the cost of expanding healthcare coverage to as many as 30 million uninsured people starting in 2014, according toMSN.
In addition to imposing fees and restrictions on insurers, Obamacare also cuts funding for Medicare Advantage, the privately run version of the government's Medicare program for the elderly and disabled. This, too, could mean insurers will be stuck with skinnier profit margins, the Associated Press reported.
A number of large health insurance companies are bailing out of participation in the state-run Exchanges, as well, according toNatural News. The overall number of companies may be small, but the big companies are the ones who are choosing not to participate.
Anthem Blue Cross, Aetna, United Health Group and Humana have all said they won't be participating in exchanges in certain states. The exchanges will be the only place Americans will be able to purchase health insurance using taxpayer-provided subsidies.
According to CNSNews.com, Aetna, a Fortune 100 company with $34.2 billion in revenue last year, has withdrawn from exchanges in three states, including its corporate home state of Connecticut.
USA Today also notes that only three insurers remain in the Connecticut market to offer plans to individuals. This makes choices slim. The increase in major health insurers bailing out from some state exchanges will leave fewer options for consumers.
When state insurance regulators told Aetna its rates were too high, the company bailed, refusing to accept the rates the state wanted the company to charge, according to the Hartford Courant newspaper.
"This is not a step taken lightly, and was made as part of a national review of our exchange strategy," Aetna spokeswoman Susan Millerick told the paper. "Unfortunately, we believe the modifications to the rates filed by Aetna will not allow us to collect enough premiums to cover the cost of the plans and meet the service expectations of our customers."
While the individual mandate will increase the number of customers for the insurance industry, cuts to Medicare Advantage could mean a loss in the number of customers.
Medicare Advantage allowed seniors to receive some of their Medicare benefits through private insurers. It was a successful program that received high marks from its customers, and showed a better ability to control costs than Medicare itself.
With the cuts that have been made to this program, a large number of seniors who bought it are likely to end up dropping their private insurance because of the higher cost. It is expected the number of lost customers will number in the millions, according to Wall St. Cheat Sheet.
Who wins and who loses under the new insurance program? For insurance companies, it's going to be who will be cheap to insure, and will add to their coffers, according toDaily Finance.
The Affordable Care Act enrollment is set to kick off Oct. 1.