In a time when sky-high insurance premiums are the norm, Blue Shield customers have received some good news. The California-based nonprofit health insurer announced last Thursday that it will return $295 million to its customers, upholding the pledge the company made earlier this year to cap its earnings at 2 percent of its revenue. The profit cap was announced in June, and at that time, Blue Shield distributed $180 million to customers through refunds.
This past August, my husband, Don, brought home bad news—the company he worked for was closing. We would have to rethink our plans for health care coverage.
We had a similar conversation last year when Don was considering retiring early because the social security checks would actually be more than his income at the call center. By that time, I had been on Medicare for a few years, but I was still relying on Don’s company to cover my prescription costs. So I rushed to sign up for a Medicare plan during the open enrollment period last year.
Millions across the country are benefitting from the Affordable Care Act. However, opponents are ignoring its positive results and fighting its implementation. What they don't want you to know is that the law is already working for Americans in every state.
The creation of a risk adjustment program is a vital part of the Affordable Care Act. It lessens the incentive for insurance companies to enroll only healthy people by helping insurers cover the costs of people with high health care needs. According to Steve Larsen, director of the Center for Consumer Information and Insurance Oversight,
One of the key aspects of the Affordable Care Act is holding insurance companies more accountable. For far too long, insurers have jacked up the cost of premiums while not having to explain to the consumers (the ones paying more) where that extra money goes.
Medicaid covers millions of Americans. It makes sure children can see their doctors, seniors and people with disabilities can get long-term care services, and Americans with serious health conditions can get the care they need. For many, Medicaid coverage is the difference between life and death.
The Comprehensive Medicaid Waiver recently submitted to the federal government by the Department of Human Services will not include a major reduction in the eligibility level for parents in NJ FamilyCare.
Cancer is a devastating disease that affects millions of Americans. Receiving a diagnosis of cancer is scary for everyone involved. On top of the emotional impact, the cost of screenings, medication, and treatment take a financial and physical toll. During this time, patients and families just want assurance that they can afford the necessary treatment.
Thanks to the Affordable Care Act, they will get exactly that.
This blog was written by Kathleen Sebelius and originally posted on healthcare.gov.
Sandy Kintz of Westport, New York, is a lung cancer survivor, but her daily life is anything but carefree. The former nurse has to use two inhalers and is unable to walk more than 60 feet without stopping because she has such difficulty breathing. She can’t afford all of her prescribed medication and explains simply, “Some drugs I can’t afford, so I gave them up.” You read that right: A cancer survivor has to give up prescribed medication because she cannot afford it. How ridiculous is that?