Lately, some employers, such as Wendy’s and a Five Guys franchise in North Carolina, have started to grumble about having to pay a penalty if they do not provide quality, affordable health coverage options to their employees starting in 2014. They claim that this requirement will force them to raise prices on their products and pass the cost onto consumers.
For the third year in a row, the Republican majority in the House of Representatives has passed a budget proposal authored by Congressman Paul Ryan that transforms Medicare into a voucher system (also known as premium support). Starting in 2024, people born after 1958 would get a voucher to use toward either private insurance or traditional Medicare coverage. If the voucher is too small to buy adequate coverage, those who rely on Medicare will have to make up the difference with money out of their own pockets.
The countdown to affordable health coverage has officially begun! Starting October 1, millions of Americans will be able to comparison shop for health insurance in the marketplace. But you don’t have to wait until then to start reviewing your options. The Department of Health and Human Services (HHS) recently relaunched the HealthCare.gov website with new features to help consumers learn more about the new coverage options.
Workplace wellness programs have the potential to improve the overall health and well-being of employees by helping them adopt and maintain healthy lifestyles.
Recently, there has been heated debate about the “rate shock” that some say young adults will experience as a result of the change in age rating under the Affordable Care Act. Today, insurers typically charge older Americans five times the amount they charge younger Americans. But, under the new law, insurance companies will be prohibited from charging older Americans any more than three times the amount they charge younger Americans in the individual market (insurance purchased outside of one’s job).
Necessity is the mother of invention. Desperate times call for desperate measures. Pick your favorite idiom, but the point remains the same: Sometimes the only way to get out of a bad situation is to innovate. This theme is at the heart of the brilliant documentary on the health care system, Escape Fire.
To find out if you may be eligible to receive help paying for health insurance premiums, answer these questions for each person in your family.
The goal of our health care system is to keep us all healthy. So it’s not outrageous to think that doctors and hospitals would be paid for meeting this goal, right?
Until recently, hospitals have had no financial incentive to keep patients from returning. In fact, hospitals have historically made money every time a patient is admitted. If it sounds wacky, that’s because it is: Hospitals actually profited from keeping patients sick!
Low- and Middle-Income Americans Will Receive Tax Credits to Help Pay for Health Insurance. Starting in 2014, Americans earning up to four times the federal poverty level (currently $47,100 for an individual and $94,200 for a family of four*) will be eligible for premium tax credits to help them buy health coverage in insurance marketplaces (also known as “exchanges”).