Health insurers that sold plans and lost money on the Affordable Care Act's exchanges in 2014 will receive only a portion of their promised safety-valve payments, according to government data released Thursday.
Health Alliance Plan, the health plan owned by Henry Ford Health System in Detroit, entered a deal to acquire troubled insurer HealthPlus of Michigan, the insurance companies announced.
Detroit's car industry has been a longtime engine of financial stability for Blue Cross and Blue Shield of Michigan. But if a new union contract moves forward, the health insurer might be rotated out.
Roughly 17.6 million Americans have gotten health coverage since the Affordable Care Act was passed, HHS said Tuesday. Officials also estimate, however, that 1 million fewer people will have an exchange plan at year-end than the number who had selected and paid for a plan as of March 31.
A bipartisan effort allowing states to choose whether to expand the small-group market to include businesses with up to 100 employees passed the House on Monday. It's an effort to stop an Affordable Care Act mandate.
The CMS has sent letters to Medicaid consumers who received tax credits to purchase insurance through the Affordable Care Act marketplace. The agency says these people will have to terminate marketplace coverage and pay back the amount of the credit they've received.