US government encourages insurance companies to advance pay health care providers

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After a massive cyberattack, the government hopes insurers will make advance payments. The US government has called for insurance companies to choose to voluntarily send advance payments to health care providers who were affected by a massive cyberattack. The attack caused a disruption to the processing systems with insurers. According to the US government, the cyberattack had a “significant impact” and it is hoping that insurance companies will choose to send advance payments to health care providers in light of what happened.  The attack impacted Change Healthcare, a UnitedHealth Group…

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Medicaid health insurance coverage at stake for many people because of paperwork issues

Health insurance - Help - Paperwork

People in a number of states have been struggling with paperwork issues and are losing their coverage. Procedural challenges and paperwork problems are being blamed for a rash of people losing their Medicaid health insurance coverage in several states throughout the country. The Health and Human Services Secretary is urging states to Health and Human Services Secretary do more to keep residents enrolled. Xavier Becerra, , is calling for states to do more to make sure their lower-income residents have the ability to remain covered by Medicaid health insurance coverage.…

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US government intends to take $4.7 billion from health insurance companies

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A new Medicare regulation will aggressively audit Advantage plans for indications of overbilling. The Biden administration has announced a new rule designed to crack down in Medicare private plans that have allowed insurance companies to overcharge the US government. The regulation is seeking a more aggressive approach to auditing the Medicare Advantage program’s plans. The Medicare Advantage program enrolls almost 50 percent of all the beneficiaries of Medicare. According to the Biden administration, it is expecting to recoup as much as $4.7 billion from insurance companies that have overcharged the…

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More than 16 million Americans enroll in Obamacare health insurance

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This figure represents a record-breaking number of enrollments into the Affordable Care Act’s coverage. Over 16.3 million people across the United States purchased health insurance through the Affordable Care Act (ACA) in the most recent open enrollment period, for a record number of enrollees since the program initially launched a decade ago. The enrollments took place between November 1, 2022, and January 15, 2023. The 16.3 million people who purchased their health insurance through the ACA represents an increase of about 2 million people over the number of enrollees from…

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Health insurance enrollment breaks all previous records

Health Insurance Enrollment - ACA

Biden’s changes to the Affordable Care Act changes reversed many areas Trump had altered. Health insurance enrollment through the Affordable Care Act (Obamacare) have reached a record high this year, in a trend widely associated with the changes President Joe Biden made to reverse alterations President Trump had made while he was in office. Among the additional changes Biden made include an increase to available financial assistance. Beyond increasing financial assistance for health insurance enrollments, other changes included widening the window in which consumers could sign up for coverage through…

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