Tag: Congressional Budget Office

Crop insurance up for reform in the US

Logan B.
Crop Insurance

US lawmakers begin looking to reform crop insurance program In the U.S., federal lawmakers are working to renovate the country’s financial safety net for farmers. The federal crop insurance program is the most expensive part of this safety net and has long been a controversial subject among politicians and taxpayers alike. In 2012, the capabilities of the crop insurance program were put to the test by a severe drought that gripped much of the country. The drought caused an estimated $35 billion in damage in the Midwest, contributing to an…

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Health insurance expectations falling in the US

health insurance exchanges

Affordable Care Act continues to draw criticism due to health insurance provisions The Affordable Care Act has experienced no shortage of opposition in the U.S. The health care law, which was passed in 2010, seeks to revolutionize the health care and health insurance industries of the entire country. The feat is not small in any way, and many have criticized the law’s provisions as either being too aggressive or not expansive enough. Despite criticism, the Obama administration has been adamant on the belief that the Affordable Care Act will expand…

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Affordable Care Act could bring financial trouble to 6 million

S.Vagus
transaction account guarantee program

Report suggests Affordable Care Act provisions may create some financial stress for consumers Analysts from the Congressional Budget Office have released a new report concerning the effects that the Affordable Care Act will have on U.S. citizens. The health care law has been the subject of controversy for the past two years due to provisions that some states consider to be unconstitutional. Though the health care law has been challenged and upheld, those opposing the law are still looking for alternatives, claiming that the law will bring with it profound…

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Individual health insurance market gives healthcare reform a boost

Julie Campbell

CIGNA, the health insurance company, has launched an ad campaign for $25 million that is geared toward strengthening its business in the individual market. According to the Wall Street Journal, individual policies comprise only between 1 and 2 percent of CIGNA’s current revenue. The majority of the insurer’s profits are from insurance that is employer-based. However, as a result of the new healthcare reform laws, individual markets are about to become significantly more lucrative. In fact, the Congressional Budget Office (CBO) has projected that by the year 2019, there will…

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Official goals and challenges of U.S. health care reform – A hope for better care, delivery, and costs – Part II

Needless to say, health care reform is a hot issue now-a-days, and will remain as U.S. citizens rifle through information with the hope of making sense of it all. Part two of our series will easily outline the issues that are of extreme concern, look at how funds are being allocated and the avenues that are being taken to solve America’s health care situation. These tactics are in addition to part one of this article series:  Attempting to provide all Americans with the necessary healthcare within reasonable time Prevention –…

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