Percentage of Americans Covered by Health Insurance Plans Fell in 2018

Americans Covered by Health Insurance Plans Percentage Decline

This represents the first time coverage levels have fallen since the Affordable Care Act went into effect. For the first time since 2009 – the year before the Affordable Care Act was implemented – the percentage of Americans with health insurance plans fell last year. Until 2018, the share of U.S. residents with health insurance had risen each year since 2010. The drop in the share of Americans covered by health insurance plans has occurred regardless of the strength of the economy. Therefore, it was speculated in a New York…

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US Health insurance rebates may reach record levels in 2019

Health insurance rebates - us dollar - pills

A new report has indicated that the Affordable Care Act refunds could hit $1.4 billion this year. The provision of the Affordable Care Act (Obamacare) which provides millions of Americans with health insurance rebates is expected to reach a record high level this year. Health insurance customers may be receiving more in refunds this year than ever before. In 2012, a component of the Affordable Care Act went into effect which required insurers to pay their customers a medical loss ratio (MLR) payment every fall under certain circumstances. If those…

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Many insured Americans rely on charity due to health insurance deductibles and copays

Health insurance deductibles - hands holding US dollars

Despite having a health plan, many people across the country can’t afford the medical care they need. Skyrocketing health insurance deductibles and copays are forcing many covered Americans to rely on charity to pay for medical care. Crowdfunding and medical charities have become the norm to fill in gaps for insured Americans. A recent LA Times report placed the spotlight on a growing trend among insured Americans. It showed that the cost associated with health insurance deductibles and copays can make medical care cost prohibitive even for Americans with medical…

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The US health care system now covers 9 out of every 10 Americans

US Health Care System

Though heavily criticized the Affordable Care Act has received, most Americans have medical coverage. The greatly criticized US health care system now covers approximately 90 percent of Americans. Still, it remains a core subject of debate among 2020 presidential candidates. Most are now attempting to present their own alternate versions of the system. In fact, many candidates are seeking to eliminate the Affordable Care Act and begin again. If we were to listen exclusively to what politicians are saying about the US health care system at the moment, it would…

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Health insurance for illegal immigrants to be a US first in California

Health insurance for illegal immigrants - Approval in California

The state is setting itself up to become the first in the country to cover undocumented residents. A new budget deal now has the nod from California lawmakers, setting the scene to make the state the first in the country to offer health insurance for illegal immigrants. This bill would make it possible for adults living illegally in the U.S. to purchase health plans. The health insurance for illegal immigrants benefits were a component of a broad-reaching plan for how the state will spend $213 billion of federal and state…

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Substance abuse and mental health insurance claims double in ten years

Mental health insurance claims - young woman stressed

Claims are more than twice what they were a decade ago and the increase is driven by young adults and teens. Substance abuse and mental health insurance claims have spiked over the last decade, more than doubling during that time, said a new report. Moreover, the driving force behind this staggering growth rate is young adults and teens. The report was published in May by FAIR Health, a nonprofit health care organization. The report showed that rates of anxiety and depression among Americans of all ages have been rising over…

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Trump steps back from Obamacare overhaul until after the 2020 election

Donald Trump Obamacare overhaul

The president backed away from his previous insistence for a vote on an Affordable Care Act replacement. Last week, President Donald Trump withdrew from his prior push for an Obamacare overhaul vote. He had been seeking a vote toward a replacement for the Affordable Care Act. Trump changed directions, deciding to hold off his efforts against the ACA until after the 2020 elections. Trump’s move away from the Obamacare overhaul vote was a recognition of the current political situation. It has become clear that health care replacement legislation would not…

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