Early projections from insurance companies participating in Affordable Care Act (ACA) low cost insurance programs show steep rate hikes on the horizon. The Democratic Party intends to make certain voters understand who caused those impending rate increases: Donald Trump and the Republican Party.
One insurer, participating in the program commonly referred to as Obamacare, proposed increasing their rates up to 91 percent. The monthly premium for a 40 year old could be as high as $1,334.
Trump Couldn't Repeal Obamacare, So He's Trying to Limit Access to Healthcare for the Poor in Other Ways
President Donald Trump has not been able to make good on his campaign promise to repeal the Affordable Care Act (ACA). But he’s determined to take health care away from Americans in other ways. After multiple attempts to repeal or replace the ACA, widely known as ObamaCare, failed in Congress amid massive public objection, no current plans to advance another bill are being considered. Instead, Paul Ryan (R-Wis.) has called for “incremental” health-care reform, which means the GOP will quietly erode the individual protections that collectively make up the ACA.
A provision hidden in the 2017 GOP tax bill repealed the individual mandate, a requirement that Americans who do not have coverage through an employer or government program buy insurance on a health care exchange or face a financial penalty. The individual mandate served two purposes: to bring younger, healthier people into health care pools to add financial stability to the program, and to reduce the number of uninsured people seeking care in emergency rooms at taxpayer expense. The repeal of ObamaCare’s individual mandate will cause 13 million fewer Americans to be insured in 2027, says the nonpartisan Congressional Budget Office (CBO).
Amazon, JP Morgan, & Berkshire Hathaway Just Made a Major Healthcare Announcement, and Health Company Stocks Are Already Falling
In a move rumored for years, Amazon announced plans to delve into the healthcare market. Jeff Bezos, CEO of Amazon.com, teams up with financier Warren Buffet, CEO of Berkshire Hathaway, and Jamie Dimon, CEO of JP Morgan Chase, to create a company to help their U.S. employees obtain quality care "at a reasonable cost."
The ballooning costs of (health care) act as a hungry tapeworm on the American economy. Our group does not come to this problem with answers. But we also do not accept it as inevitable."
"Rather, we share the belief that putting our collective resources behind the country's best talent can, in time, check the rise in health costs while concurrently enhancing patient satisfaction and outcomes," Buffett said in a prepared statement.
In America 2017, where proper health insurance is guaranteed to almost nobody, many cities, counties and school districts are finding a way to beat the system.
Medicinal drugs are often much cheaper overseas — up to 80 percent, in some cases — so employees are getting the help they need from their employers, municipalities or even their counties, in procuring medication at these highly reduced costs.
Massachusetts Governor Charlie Baker signed a law Monday protecting free birth control in the state, while the Trump administration whittles away the ObamaCare requirement for insurance coverage of birth control without a co-pay.
This legislation will ensure no woman in Massachusetts, irrespective of what goes on in Washington, will worry about whether her health care services and rights will be affected here in the commonwealth."
Baker, a Republican, previously suggested a temporary moratorium on new health insurance mandates. Asked about that during the signing ceremony, Baker said moratoriums provide a way to put in place a process before any new mandate is passed to ensure people know what it will cost.
With the ongoing healthcare war between Republicans and Democrats, as well as discretionary standards among pharmaceutical companies, healthcare providers, pharmacies and others within the medical community, many Americans are facing an unfortunate — and little understood — predicament.
They may actually pay more for prescriptions while using their, often long-defended and hard-earned, insurance.
Going to the emergency room? Even with insurance, you may still get hit with shocker bills. A practice called balance billing allows hospitals to overcharge for services, leaving the patient to cover any amounts their insurance company considers excessive. Hospitals often contract with third-party staff or service providers, causing unsuspecting patients to be charged out-of-network prices for services at an in-network facility.