A credit analyst for not-for-profit healthcare providers is cautioning that the new state health insurance exchanges may introduce more short-term risk than benefit.
Moody's Investors Service said in a report Friday that while the exchanges may lead to a bump in the number of insured patients, the larger unknowns will be what happens with insurance contract terms; the potential migration of patients who currently have private insurance to exchange plans; and bad debt for patients.
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Many people visiting the federal government's health insurance marketplace in 36 states complained that they couldn't window-shop for health plans without creating an account.
But visitors to the glitch-plagued HealthCare.gov site now can bypass the temperamental application interface and compare plans anonymously, as some of the state-run exchanges previously made possible. HHS added the feature Thursday, following 10 days marked by system outages and lengthy wait times.
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Having trouble logging in to healthcare.gov? Have no fear. In response to opening-day technical glitches and heavy traffic to its insurance marketplace website, HHS posted data Tuesday afternoon showing available plans and premiums across the 36 states with federally facilitated insurance exchanges.
A total of 140 insurance issuers are offering 1,779 different insurance plans across the marketplace, according to the data.
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Keehan
Ascension Health, Bon Secours Health System, the American Hospital Association, the Catholic Health Association and the Federation of American Hospitals are among more than 900 organizations, providers and businesses helping Americans learn about the healthcare reform law and sign up for health insurance coverage, HHS announced one day before open enrollment begins on the law's health insurance exchanges.
Called “Champions for Coverage,” these volunteers—which include faith-based organizations, community health centers and bloggers—will use digital and print materials from the CMS to educate people about their options in the state health insurance exchanges that were created by the Patient Protection and Affordable Care Act. Open enrollment on the exchanges will last from October through March, and those who enroll by Dec. 15 will have coverage starting on Jan. 1, 2014.
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The Service Employees International Union today unveiled a Spanish-language video featuring two Latino doctors aimed at encouraging Latinos to enroll in a health plan through the new state insurance exchanges.
Two Latino physicians, Dr. Say Salomón and Dr. Michelle Espinoza, recorded videos in English and Spanish and talked about the benefits of signing up once state insurance exchanges become active Tuesday.
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More companies are sending their retirees into private insurance exchanges for their retiree health coverage. That may result in retirees paying more out of pocket.
Both IBM and Time Warner recently announced plans to move retirees who are of Medicare-eligibility age to private exchanges. They will receive a fixed amount of money from companies and choose among health plans—including Medicare supplemental and Medicare Advantage plans, offered through the private marketplaces.
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The Obama administration has basically told House Republican lawmakers to go fly a kite in response to their recent demand that organizations receiving federal funds to help Americans sign up for health coverage on the state insurance exchanges provide extensive information on their operations by Sept. 13.
Navigator groups and Obamacare supporters, including Rep. Henry Waxman (D-Calif.), had accused the Republicans of using the time-consuming information request to delay the navigators' efforts in the crucial run-up to the Oct. 1 launch of open enrollment on the exchanges.
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But wait, there's more!
For those who know they exist, the state health insurance exchanges set to open next month are primarily a vehicle by which the reform law will offer individuals, families and small businesses a choice of health plans and an opportunity to receive a federal premium subsidy.
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Clinton
The reform law got a boost Wednesday from former President Bill Clinton, who praised the law's benefits and urged supporters and detractors to work together on fixing its problems.
Clinton's speech is a needed boost for the White House less than a month before open enrollment begins, especially as the Obama administration is now focused on garnering support from Congress for a military strike against the Syrian government. <
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Minuteman Health, a not-for-profit, consumer-governed health plan sponsored by Vanguard Health Systems and Tufts Medical Center, said Monday that it received an HMO license and premium rate approval from Massachusetts regulators.
The plan will offer individual and small-group plans both on and off Massachusetts' state insurance exchange starting in October.
Minuteman is one of the Consumer Operated and Oriented plans in 24 states around the country made possible by startup loans authorized by the Patient Protection and Affordable Care Act. The goal is to encourage the launch of consumer-friendly plans that foster greater competition in the insurance market. While other co-op plans around the country previously received approval to sell plans on state insurance exchanges, what sets Minuteman apart is that it was originally sponsored by two major hospital systems. Many of the co-op plans were organized by groups and individuals not associated with major providers or investor-owned companies like Vanguard.
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Minuteman Health, a not-for-profit, consumer-governed health plan sponsored by Vanguard Health Systems and Tufts Medical Center, said Monday that it received an HMO license and premium rate approval from Massachusetts regulators.
The plan will offer individual and small-group plans both on and off Massachusetts' state insurance exchange starting in October.
Minuteman is one of the Consumer Operated and Oriented plans in 24 states around the country made possible by startup loans authorized by the Patient Protection and Affordable Care Act. The goal is to encourage the launch of consumer-friendly plans that foster greater competition in the insurance market. While other co-op plans around the country previously received approval to sell plans on state insurance exchanges, what sets Minuteman apart is that it was originally sponsored by two major hospital systems. Many of the co-op plans were organized by groups and individuals not associated with major providers or investor-owned companies like Vanguard.
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