A $394 million Obamacare tax for Illinois
Crain’s Chicago Business reports: “There’s more than a touch of absurdity in the way an industry fee in President Barack Obama’s health care law is being passed along to state taxpayers. As Alice in...
View ArticleMillions choose IRS fines as more affordable than health coverage
The New York Times Reports: “Despite a 29 percent increase in the number of people enrolled in Obamacare, plenty of healthy holdouts remain, and their resistance helps explain why insurers are worried...
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Canadian Health Care: Patients Waiting Longer Than Ever For Treatment
Investors Business Daily Reports: “Socialist Medicine: Canadians love their hockey and have historically been happy with their government-run health care system. Hockey is thriving. The country’s...
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The ‘Affordable’ Care Act, another Christmas bah-humbug
The Hill Reports: “‘Tis the season for giving—and for the Affordable Care Act, it’s become the season for giving bad news. For the third year in a row, open enrollment has given millions of...
View ArticleHealthcare.gov CEO says insurance marketplace’s complexity argues for agents
The Advocate Reports: “The Affordable Care Act is confusing and complicated, which means that health insurance agents and brokers are needed to help consumers pick the best plans for them, Kevin...
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Blue Cross, Advocate team up on new health insurance plan
Crains Chicago Business Reports: “Blue Cross & Blue Shield of Illinois and Advocate Health Care are teaming up to offer a health plan that will be one of the cheapest options the insurer offers on...
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Blue Cross, UnitedHealthcare return to Illinois Obamacare exchange
Crain’s Chicago Business Reports: “Aetna is returning to sell plans on the Illinois health insurance exchange after taking a year off. Also returning are giants Blue Cross & Blue Shield of...
View ArticleWith Michigan Closure, More Than Half of Obamacare CO-OPs Have Now Failed
Energy & Commerce Reports: “WASHINGTON, DC – The number of failed Obamacare CO-OPs grew to one dozen today as Michigan became the latest to announce it was closing. To date, 12 of the original 23...
View ArticleCMS Proposes Health Insurance Exchange Changes for 2017
California Healthline Reports: “On Friday, CMS released a proposed rule that would require minimum network standards for health plans sold through the federal exchange in 2017, Modern Healthcare...
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Here’s What Medicare Part B Costs and Covers in 2016
According to The Motley Fool: “Learn how this part of the Medicare program works. Retirees rely on Medicare to help them with their healthcare expenses, but getting a better understanding of how the...
View ArticleFeds tighten when people can enroll in Obamacare plans
According to USA Today: “Bowing to pressure from insurers, federal officials on Tuesday tightened the conditions under which people can sign up for plans on the HealthCare.govexchange outside open...
View ArticleHumana to Record 2016 Obamacare Shortfall, Membership Drops
According to Bloomberg Business: “Humana Inc. is the latest insurer to run into trouble in Obamacare’s individual health-insurance markets. The health insurer said that it probably won’t collect enough...
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Coming soon to your mailbox: An Obamacare tax form
According to The CT Mirror: “Even if you don’t get your health insurance through Obamacare, you’re likely to get something related to the health law in the mail in the coming weeks: A new tax form. The...
View ArticleHealthcare.gov CEO says insurance marketplace’s complexity argues for agents
According to The Advocate: “The Affordable Care Act is confusing and complicated, which means that health insurance agents and brokers are needed to help consumers pick the best plans for them, Kevin...
View ArticleIRS Grants Extension for 6055 and 6056 Reporting
According to United Healthcare, Broker Connection Special Edition: “On Dec. 28, 2015, the IRS announced that it is granting an automatic extension for the 2015 information returns required of insurers,...
View ArticleIllinois Obamacare plan crippled by losses
According to Crain’s Chicago Business ” The operating losses continue to mount at struggling Land of Lincoln Health, totaling $90.8 million for the Obamacare health plan in 2015. That net loss is...
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How Obamacare Makes Tax Filing Trickier
According to Time Inc. “Many Americans will get new tax forms for the first time. Here’s what to do with them. This year, you may be receiving tax forms you’ve never seen before, all thanks to the...
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Obamacare Encounters Another Bump in the Road
According to News Max Finance: ” Well, the hammer has fallen: The largest health insurer in the U.S. has started pulling out of select Obamacare exchanges. Five months ago UnitedHealth, which had been...
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Blue Cross Blue Shield Confirms Obamacare Death Spiral
According to The Beacon: ” The Blue Cross and Blue Shield Association, which represents 36 Blue Cross and Blue Shield plans covering 105 million Americans, has just released a study of its members’...
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Health insurance plans to be rated based on size of network
Live Insurance News reports: ” The Obama administration will now use the number of included doctors and hospitals in the ratings. In response to complaints from consumers with respect to the way health...
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