Affordable Care Act & Medicare Reforms
With the Affordable Care Act comes medicare Reforms. Historically, Medicare has often led the entire health care system in the adoption of quality and payment innovation. The reforms that go into place will not only affect Medicare but could change the way the health care system is paid. Meidcare reform means Reform our health care […]
US Judge Lets Virginia Healthcare Challenge Proceed
The new health care reform forces everyone to buy health insurance or pay a tax penalty. This has become a major debate with many who oppose the health care reform. This requirement is the corner stone of the white house health plan. The argument was that if everyone is on a health plan that will help […]
Repealing Tax-Filing Requirement In Healthcare Law
Section 9006 of the health care bill — just a few lines buried in the 2,409-page document — mandates that beginning in 2012 all companies will have to issue 1099 tax forms not just to contract workers but to any individual or corporation from which they buy more than $600 in goods or services in […]
Half Of Employer Health Care Plans May Lose Their Grandfathered Status
The White House on Monday will issue new rules that strongly discourage employers from cutting health insurance benefits or increasing the costs of coverage to employees. The administration said this was just one goal of the legislation, allowing people to “keep their current coverage if they like it.” It acknowledged that some people, especially those […]
HealthCare Bill Surprise For Businesses
A report from Bloomberg Business week reveals that on page 737 of the Health Care Bill approved by Congress there are 3 paragraphs that have nothing to do with health Care. The provision inserted by Democrats on the Senate Finance Committee to help offset the cost of the bill, requires companies to report to the […]
Milliman Medical Index 2010
The Milliman Medical Index has been released for 2010. This is a very good study of healthcare costs and the effects that they have. 2010 marks the 6th year that the study has been performed. The top 100 leading insurers read this report to estimate future health insurance claims costs. You would think that our […]
Healthcare Reform’s “Cadillac Plan” Excise Tax
The excise tax was included in the Patient Protection and Affordable Care Act (PPACA) passed into law on March 23, 2010. The provision levies a 40% nondeductible tax on the annual value of health plan costs for employees that exceed $10,200 for single coverage or $27,500 for family coverage in 2018. Data reveals that the […]
Industry Groups Comment to HHS on Medical Loss Ratios
The Medical Loss Ratio is very critical to the health insurance industry. This MLR is going to have a huge effect on carriers profits and how they operate. In fact we could see some carriers drop out of certain markets reducing the already limited choices of carriers. The HHS has to clarify the laws on the […]
Indiana Adult Child Coverage
Under the new health care reform children/adults can stay on their parents health plan until 26. Here is the issue that will arise with this. Can the parents afford to cover the adult child on the plan. With most group health plans today employees pay for their dependents. On the other side if the parent is already covering other children on plan […]
