A new study from prestigious consulting firm McKinsey & Company suggests that as much as 30% of the nation’s employers will be making drastic changes to the insurance they provide to their employees. The firm suggests that the more these companies learn about upcoming insurance changes stemming from last year’s Affordable Care Act the more likely they are to make such changes. The study anticipates that these businesses will cease offering health care benefits or restrict access to such benefits to a select few in their service. If the study…
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States may be on their own for health insurance exchange costs
Health care has been a hot issue for several years now. Since the days when the Affordable Care Act was being championed by the Obama Administration until now, there has been shortage of controversy surrounding health insurance. Now, the House of Representatives Subcommittee on Energy and Commerce has approved a number of bills that is likely to incite backlash from supporters of the health care reform law. One bill in particular targets health insurance exchanges. Health insurance exchanges are one of the provisions of the Affordable Care Act. Their primary…
Read MoreHealth Care Reform Update: New waiver proposal for industries and citizens
The Department of Health and Human Services has proposed several new waiver rules that will give states more control of their own health care systems and regulations. Backed by the Obama administration, the waivers will provide states with more flexibility. If the proposal is successful, states will have more freedom in creating their own systems that will support federally mandates health insurance exchanges. Additional legislation is being proposed to make the waivers available by 2014 instead of 2017. States may apply for “Innovation Waivers” that will allow them to come…
Read MoreNew Government Health Care Site Launched by Obama Administration
Obama Health Care Reform News: For those confused or overwhelmed by the insurance options available to them and their employees, a new government website has been launched. Mandated by the new healthcare reforms, http://www.healthcare.gov is designed to provide information on the wide variety of plans that are available. This information will be based upon your individual demographics, providing you with a specialized and informative way to compare plans. For identity protection, personal information is not required. After inputting a few details such as your age, zip code, employment status, and…
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