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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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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Federal judge’s ruling calls Affordable Care Act unconstitutional

Affordable Care Act Ruling - Judge - Court - gavel

Though former president Obama is unconcerned about Obamacare’s future, it may harm the GOP. A federal judge in Texas has ruled that the Affordable Care Act, also known as Obamacare, is unconstitutional. The impact of this decision about the health care reform has been a substantial one for Republicans. The Republican-appointed judge hasn’t had much of an immediate practical impact on the Affordable Care Act. Obamacare continues to be in effect as the legal battle will progress forward. It may eventually end up heading to the Supreme Court. That said,…

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Health plan premiums are stabilizing, regardless of Republican efforts to the contrary

Health Plan Premiums - Health - Family - Business

Despite the best efforts by the GOP to kick the pins out from under the ACA, prices are evening out. Even as Republicans work to undermine the Affordable Care Act, better known as Obamacare, health plan premiums are stabilizing. Insurance premiums have been rising, but they will be increasing only slightly in the majority of states that have already submitted their 2019 price proposals. Moreover, unlike last year, there are insurance companies stepping into the markets, not out of them. The improvements are the result of reduced political certainty regarding…

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