CEO of UnitedHealth Group said his company will return profits earned from Affordable Care Act plans to customers
Executives from five of the country’s largest health insurance companies appeared before Congress on Thursday as lawmakers examined why healthcare has become increasingly harder for Americans to afford.
In one effort to address the affordability crisis, the CEO of UnitedHealth Group, Stephen Hemsley, announced that the nation’s largest insurance company will rebate profits made this year from its Affordable Care Act (ACA) plans to customers, while adding it was a relatively small participant in the ACA individual market.
Continue reading...
health insurance
Early ACA numbers show drastic drop in enrollment
Preliminary numbers on Affordable Care Act (ACA) Marketplace plan enrollment shows a noticeable drop when compared to last year's figures, an early indication that allowing the enhanced premium tax subsidies to expire caused people to defer signing up for health insurance. The Centers for Medicare & Medicaid Services (CMS) reported on Monday that 22.8 million...
People in the US: how has the end of Affordable Care Act subsidies affected you?
Premiums have risen for at least 22 million Americans – we’d like to hear about the impact on your household
Enhanced subsidies that have kept health insurance premiums affordable for millions of Americans who use the Affordable Care Act (ACA) expired at the end of last year.
Premiums have risen sharply for at least 22 million Americans who purchased their coverage through the ACA marketplaces using the tax credits, according to research.
Continue reading...
Insurers’ time in the barrel?
Click in for more news from The Hill {beacon} Health Care The Big Story Insurers’ time in the barrel? House Republicans are summoning health insurers to Capitol Hill later this month to talk about health care affordability. © Photo credit The move comes weeks after the enhanced Affordable Care Act (ACA) subsidies expired on Dec. 31, resulting in...
US House breaks with Trump to revive Affordable Care Act subsidies
Seventeen Republicans join Democrats to pass a three-year extension of tax credits cutting ACA premiums
The US House of Representatives on Thursday passed legislation to re-establish tax credits that lowered premiums for Affordable Care Act (ACA) health plans, after a small group of Republicans broke ranks and joined with Democrats to defy Donald Trump on a key healthcare issue that could sway voters ahead of the November midterm elections.
The chamber voted 230-196 to approve a bill that would extend for three years the credits, which were first created under Joe Biden but expired at the end of last year despite a concerted effort by the Democratic minority to continue them.
Continue reading...
House Republicans propose healthcare plan with no extension of tax credits
With insurance premiums set to rise sharply for at least 22 million Americans, Mike Johnson unveils alternative
With health insurance premiums set to rise sharply for at least 22 million Americans who purchase their coverage through Affordable Care Act (ACA) marketplaces using tax credits that will expire at the end of this year unless Congress acts, the US House speaker Mike Johnson unveiled a Republican alternative late Friday.
Johnson’s bill comes as his party refuses to ext...
Senate rejects dual healthcare bills as Obamacare tax credits expiration nears
Votes came as premium tax credits for estimated 21.8 million enrollees of plans set to expire at end of month
The US Senate on Thursday rejected competing proposals to address the imminent expiration of subsidies for Affordable Care Act health insurance plans, greatly increasing the chances that healthcare costs will soon rise to unaffordable levels for millions of Americans.
The votes, part of a deal brokered between Republican majority leader John Thune and the Democratic senators who agreed to reopen the government after a historically long shutdown last month, came as premium tax credits for an estimated 21.8 million enrollees of the plans are set to expire at the end of the month. Health policy research group KFF estimates that annual premiums will more than double if the subsidies are allowed to expire.
Continue reading...
Marjorie Taylor Greene knocks Trump over meeting with Syrian president
Rep. Marjorie Taylor Greene (R-Ga.) criticized President Trump on Monday for hosting Syrian interim President Ahmed al-Sharaa at the White House, rather than focusing on domestic issues like health care.
In a post on social platform X, the outspoken congresswoman called on the president to prioritize crafting a GOP plan to address rising health care costs over meeting with foreign leaders.
“I would really like to see nonstop meetings at the WH on domestic policy n...
Average out-of-pocket costs for ObamaCare premiums expected to more than double: Report
A new analysis published by the nonpartisan Center on Budget and Policy Priorities (CBPP) found that out-of-pocket premium payments will more than double if ObamaCare's enhanced premium tax credits expire.
According to the CBPP's projections, annual out-of-pocket premium payments would more than double, exceeding $1,000 on average if the credits aren't extended. Open enrollment for Affordable Care Act (ACA) Marketplace plans begins this Saturday.
"Since Congress has ...
Many voters say health care unaffordable, are open to new insurance system: Poll
New polling has found that the majority of voters say health care in the U.S. is unaffordable and are open to a health insurance system that doesn't tie coverage to employment.
Undue Medical Debt, a nonprofit that works to eliminate medical debt and supports policies to prevent new debt, sponsored the poll which was led by the nonpartisan research firm PerryUndem. Along with a national survey, focus groups were also asked for their opinions on health care.
The pol...