US health insurance exchanges are exposed to fraud

hacked phone federal health insurance exchange

GAO report highlights the fraud problems that many exchanges have to deal with A new report from the Government Accountability Office has found that health insurance exchanges set up through the Affordable Care Act are still exposed to fraud. Exchanges have long had a problem with fraudulent applications, with fake Social Security Numbers and falsified immigration details being applied to these applications in order for people to acquire insurance coverage. These issues were first discovered more than a year ago, but efforts to curb fraud have had limited impact. Many…

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Report highlights the problems of the small business health insurance exchange network

Health insurance for small business health care costs

GAO report shows that enrollment in SHOP is not meeting expectations The U.S. Government Accountability Office has released a new report concerning enrollment in the federal Small Business Health Options Program (SHOP). The program is meant to serve as a health insurance exchange catering specifically to small businesses. In most cases, these businesses are required to offer their employees insurance coverage due to the provisions of the Affordable Care Act, but these companies cannot find coverage through conventional insurance exchanges. SHOP was designed to address this issue. Only 12,000 health…

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Health insurance exchanges may miss important deadline

Health insurance deadline

Health insurance exchanges are falling behind schedule in the US Throughout the U.S., health insurance exchanges are scheduled to begin open enrollment on October 1 of this year. Each state will have its own health insurance exchange in place, but many of these exchanges are likely to be managed by the federal government. The exchanges have received praise mixed with criticism since the passage of the Affordable Care Act in 2010. The federal health care law makes these exchanges mandatory in each state and has placed a deadline on when…

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Medicaid report shows little difference from the private sector

News on Medicaid health insurance

Medicaid offers nearly identical level of coverage As health insurance in the U.S. continues to be a controversial issue, the Government Accountability Office, the investigative arm of Congress, has released a new report concerning the much-debated Medicaid program. Under the Affordable Care Act, which was passed in 2010, states are required to expand the accessibility of their Medicaid programs. These states are meant to receive some degree of aid from the federal government, but many have opposed the notion of expanding their programs due to the high costs that would…

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Report suggests the end of the Medicare Advantage program

Medicare Advantage

Government Accountability Office considers Medicare Advantage unsustainable A new report from the Government Accountability Office (GAO), an investigative arm of the U.S. Congress, is calling for the end of the country’s Medicare Advantage initiative. The Advantage program provides expanded health care benefits to those participating. The report calls into question whether the program is financially sustainable for the country and suggests that current and future administrations should focus more on improving the benefits that are associated with the Affordable Care Act. Advantage program draining country resources The report notes that…

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Government Study Examines Long-Term Care Insurance Rate Increases – Only 1.6% Drop Coverage; 23% Actually Pay Less

PRESS RELEASE: A report released on August 16th by the U.S. Government Accountability Office (GAO) examines the impact of rate increases on long-term care insurance policyholders. Specifically, the report examines the Federal Long-Term Care Insurance Program (FLTCIP), the largest private long-term care insurance program in the nation. “As a voluntary plan consisting of typical employees, this is a most representative group,” states Jesse Slome, executive director of the American Association for Long-Term Care Insurance (www.aaltci.org), one of those interviewed by GAO staff preparing the study. “Instead of hyperbole, we now…

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U.S. federal research looks into increases in premiums for long-term care

The results of a federal government study have been released in a report that examined the impact of increasing premiums for insurance policies covering long-term care. The report was created by the U.S. Government Accountability Office (GAO) and looked into the Federal Long-Term Care Insurance Program (FLTCIP), which is the country’s biggest private insurance program for long-term care. Executive director Jesse Slome, of the American Association for Long-Term Care Insurance explained that since the FLTCIP is a voluntary plan with regular employees, the group is representative of long-term care insurance…

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