Industry Updates

//Industry Updates

Three Large Companies Collaborate to Provide Healthcare At a Lower Cost

Amazon, JPMorgan and Berkshire Hathaway Take Healthcare Into Their Own Hands Early Tuesday, Amazon, JPMorgan and Berkshire Hathaway announced that they are collaborating to form a healthcare company to provide healthcare to their employees in the U.S. at a lower cost. Amidst uncertainties in the healthcare insurance market and with looming increases in healthcare costs, [...]

By | 2018-03-27T10:20:25+00:00 February 1st, 2018|Articles, Industry Updates|0 Comments

States With Their Own ACA Exchanges Have Lower Uninsured Rates

According to data released by the Centers for Disease Control, states that run their own health insurance exchange saw a lower average uninsured rate than those states those states who utilize the federal exchanges via HealthCare.gov. The states that ran their own exchanges saw an average of 8.3% for their uninsured rate, while those states [...]

By | 2017-12-01T11:06:25+00:00 December 1st, 2017|Articles, Industry Updates|0 Comments

Consumers Confused and Unprepared for ACA’s Fifth Open Enrollment

Enrollment Period Seems Chaotic with Uncertainty and Increased Premiums November 1, 2017 marks the beginning of the enrollment period for buying health care insurance coverage through the insurance exchanges operating under the Affordable Care Act. This year is the fifth enrollment under the ACA, which is currently proving to be the most challenging yet. To [...]

By | 2017-11-01T09:19:57+00:00 November 1st, 2017|Articles, Industry Updates|0 Comments

Deadline Extended for Insurers to File Rate Increases

Trump's Threat to Take Away Subsidies Causes Uncertainty for Insurers The deadline for insurers to file their rate increase for 2018 was extended by the Trump administration to September 5th, 2017, due to the threat by President Trump that he plans to discontinue important subsidies, such as the cost-sharing reduction payments. Through these subsidies, insurers [...]

By | 2017-08-15T15:04:46+00:00 August 15th, 2017|Articles, Industry Updates|0 Comments

Budget Proposal Aims to Reduce Spending by $487 Million

In an effort to reduce spending, the House Budget Committee approved a budget proposal that will cut Medicare spending by $487 million between 2018 to 2027. The budget proposal also aims to cut Medicaid spending by billions of dollars. Additionally, the proposal aims to cut an additional $114 billion from Medicaid within the next decade. [...]

CMS Proposes Easing MACRA Requirements for Physicians, No Exception for Hospitals

Under the Medicare Access and CHIP Reauthorization Act (MACRA), physicians and hospital organization were required under to attest to meaningful use, meaning that a certified version of EHR must be utilized. According to a proposal that the Centers for Medicare and Medicaid (CMS) released on Tuesday, physicians would be given a break on the EHR [...]

Insurers are Leaving Marketplace Over Healthcare Bill Uncertainty

As the nation watches as the fate of Obamacare is unfolding, insurers are deciding to leave the the health insurance marketplace in 2018, due to uncertainty on subsidy payments. Although Republicans who are backing the Trump Administration's American Health Care Act and are in favor of repealing the Affordable Care Act are citing their plans [...]

American Health Care Act Passes in the House of Representatives

On Thursday, the House of Representatives voted on the American Health Care Act, which is the healthcare bill proposed by the GOP to replace and Affordable Care Act. The new healthcare bill barely made the cut, with a final vote of 217 to 213. The bill will need to pass the Senate in order to repeal [...]

MACRA Could Cause Hospital Reimbursement to Drop $250 Billion

According to a report conducted by researchers from the RAND corporation and published in Health Affairs, hospitals are most likely to be affected by the implementation of the Medicare Access and CHIP Reauthorization Act (MACRA). The report found that hospital reimbursement could potentially drop by $250 billion over the span of 15 years. The report [...]