The nation's largest doctors' group says the new Republican health care bill falls short on coverage and access, particularly for low-income people on Medicaid. The group says Medicaid cuts and what it calls "inadequate subsidies" will lead to "millions of Americans losing health insurance coverage." The AMA says GOP leaders took a "positive step" by adding $45 billion for treatment to help victims of the opioid epidemic. [...] the AMA says people dealing with addiction also need regular health insurance, and many would lose it if Republicans succeed in rolling back Medicaid financing.
Reported by SeattlePI.com 14 hours ago.
The Latest: AMA says new GOP health care effort falls short
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Trouble for revised Senate health bill; Trump wants action
WASHINGTON (AP) — Republican leaders have revised their health care bill in an increasingly desperate effort to deliver on seven years of promises to repeal and replace former President Barack Obama's overhaul. [...] it was not clear whether the Republican leader has achieved the delicate balance he needs after an embarrassing setback last month when he abruptly canceled a vote in the face of widespread opposition to a bill he crafted largely in secret. Moderate Sen. Susan Collins of Maine told reporters she had informed McConnell she would be voting against beginning debate on the bill, citing in part cuts in the Medicaid health program for the poor and disabled. Like legislation earlier passed by the House after struggles of its own, the Senate bill would get rid of the law's mandates for individuals to buy insurance and for companies to offer it, repeal taxes and unwind the Medicaid expansion created by the Affordable Care Act. Analyses by the Congressional Budget Office have found the House bill and the earlier Senate version both would eliminate insurance coverage for more than 20 million people over the next decade. In a statement Friday, the American Medical Association said Medicaid cuts and "inadequate subsidies" will lead to "millions of Americans losing health insurance coverage." [...] it pointed out that people dealing with addiction also need regular health insurance, and many would lose it if Republicans succeed in rolling back Medicaid financing.
Reported by SeattlePI.com 14 hours ago.
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States to Health Insurers: Please Come Back
Regulators are trying everything to prevent state health-insurance marketplaces from unraveling, as insurers raise rates or exit individual exchanges, and the federal health-care overhaul drags on.
Reported by Wall Street Journal 8 hours ago.
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Colorado health insurers seek 27 percent premium increase in individual market
Insurers offering health plans in Colorado's individual market -- where about 7 or 8 percent of the state buys health insurance -- are asking permission to charge 27 percent more for premiums in 2018.
Reported by Denver Post 7 hours ago.
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Health insurance rates rising significantly in Colorado in 2018
Individual-market insurance premiums will rise by an average of 27 percent next year in Colorado, while small-group insurance costs will rise 7.5 percent, according to figures released Friday by the Colorado Division of Insurance. Colorado Insurance Commissioner Marguerite Salazar attributed the boosts largely to the uncertainty over what changes to health-insurance law will be made by Congress, particularly in regard to programs that reimburse insurers that take on a large number of high-risk patients. While…
Reported by bizjournals 6 hours ago.
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The Republican healthcare bill is likely to receive a devastating assessment from the CBO
While the Senate healthcare bill, the Better Care Reconciliation Act (BCRA), faces a plethora of political obstacles, one of its biggest tests will come Monday.That's the day GOP leaders expect the Congressional Budget Office to release its updated score for the legislation.
The previous edition of the CBO score was a huge sticking point for moderates, and Democrats pounded the unflattering conclusions.
The CBO projected that 22 million more Americans would be without health insurance in 2026 under the BCRA compared to the current system. It also predicted that many people would end up paying higher out of pocket costs and face significant financial burdens, offsetting the lower premiums.
According to experts, it is unlikely that the CBO score will budge much based on the revisions released on Thursday.
"I don't see a lot here that would meaningfully change the CBO score. We're still likely to see many millions of people losing or going without coverage as a result of this bill," Cynthia Cox, an associate director at the Kaiser Family Foundation, a nonpartisan health-policy think tank, told Business Insider. "Although some of the taxes on wealthy people are retained, the bill doesn't appear to use much of that to cover low-income people."
Matthew Fiedler, a fellow at the Brookings Institution, agreed that coverage losses would still be massive.
"This is still a bill that will result in very large reductions in insurance coverage and reductions in the quality and affordability of the insurance coverage for many people who retain coverage," Fiedler told Business Insider.
There is some question as to what exactly the score released Monday will include. Additional language based on an amendment offered by Sen. Ted Cruz may not be part of the CBO score, since it was added later in the process. If that's the case, the score may not present a full picture of the legislation.
The Trump administration's repeated attempts to discredit the CBO intensified over the past week with a social media video attacking the office's projections.
*SEE ALSO: Experts say the new version of the Senate healthcare bill will be bad news for the old, poor, and sick*
Join the conversation about this story »
NOW WATCH: 5 of the best memes from Trump's trip to the G20 Summit Reported by Business Insider 5 hours ago.
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Winners and losers complicate GOP's path on health care bill
WASHINGTON (AP) — Republicans' latest health care plan would create winners and losers among Americans up and down the income ladder, and across age groups. Allowing individuals to pay premiums from tax-sheltered accounts may create incentives for employers to stop offering coverage, say some independent analysts. The legislation would put limits on federal spending for Medicaid, a partnership program with states to cover low-income people, the disabled and nursing home residents. The drawback is that state officials could eventually face no-win choices, such as having to pick between paying for coverage for low-wage working mothers and support services for elderly people trying to stay out of nursing homes. Cruz would change basic requirements that Obama's law imposed on individual plans, including standard benefits such as pregnancy, maternity and newborn care; wellness visits and mental health treatment. "Healthy people would have opportunities to buy lower-premium, skinnier plans, while people with pre-existing conditions not eligible for premium subsidies could find themselves priced out of insurance," said Larry Levitt of the nonpartisan Kaiser Family Foundation. The upside is that the change might encourage more self-employed people to buy individual health insurance policies. The downside is that some employers may see it as an invitation to drop health benefits, particularly since the GOP also would repeal Obama's requirement that larger companies provide health care or face fines. Medicaid covers low-income people, from many pregnant women and newborns, to disabled people and many elderly nursing home residents.
Reported by SeattlePI.com 5 hours ago.
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Lindsey Graham: Throw Healthcare to States, 'Obamacare Designed to Collapse'
Sen. Lindsey Graham, R-S.C., said Friday the Affordable Care Act was designed with one goal in mind: making Americans dependent on the government for health insurance.
Reported by Newsmax 3 hours ago.
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Yogi Adityanath scraps over a dozen of Akhilesh's projects
Chief Minister of Uttar Pradesh Yogi Adityanath scrapped over a dozen schemes of the erstwhile Akhilesh Yadav government by denying budgetary allocation to schemes announced by the former Chief Minister.
The Yogi government has also discontinued the Yash Bharti Award, the highest award by the Uttar Pradesh government to eminent personalities from various fields. It was instituted in 1994 by then Chief Minister Mulayam Singh Yadav.
Prominent among schemes which were discontinued by the Yogi government included Akhilesh Yadav's much-publicised free laptop distribution, Samajwadi Party Pension Yojana, Samajwadi Kisan Beema Yojana, Lohia Rural Housing Scheme, Dr Ram Manohar Community Tubewell scheme, and Farmers' accident scheme.
Besides these, Yogi has also scrapped the Samajwadi Health Insurance Scheme and construction of boundary walls around Muslim burial grounds.
These schemes of the previous regime automatically came to an end when the Yogi government did not allocate funds to these schemes in his maiden budget of Rs 3.84 lakh crore presented on July 11 in the UP Assembly.
Reacting to the development, leader of opposition, Ram Govind Chowdhary said that "by scrapping Akhilesh Yadav government's schemes, the BJP government has proved that it has nothing to do with the development and welfare of people of the state."
-*NEW CM, NEW BUDGET*-
· The new Chief Minister has allocated a total budget of Rs 55,781 crore for new schemes launched by his government, no allocations were made to run schemes launched by the Akhilesh government
ReportIndiaSrawan ShuklaDNALucknow
· Yogi Adityanath
· Akhilesh Yadav
· Uttar Pradesh
· bharatiya janata party
· Mulayam Singh Yadav
· Yash Bharti award
· UP Assembly
Sat, 15 Jul 2017-07:45am
Date updated:
Saturday, 15 July 2017 - 7:45am
Article Images:
UP CM Yogi Adityanath with FM Rajesh Aggarwal before presenting the State Budget for 2017-18 on Tuesday
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From Print Edition: Reported by DNA 22 hours ago.
The Yogi government has also discontinued the Yash Bharti Award, the highest award by the Uttar Pradesh government to eminent personalities from various fields. It was instituted in 1994 by then Chief Minister Mulayam Singh Yadav.
Prominent among schemes which were discontinued by the Yogi government included Akhilesh Yadav's much-publicised free laptop distribution, Samajwadi Party Pension Yojana, Samajwadi Kisan Beema Yojana, Lohia Rural Housing Scheme, Dr Ram Manohar Community Tubewell scheme, and Farmers' accident scheme.
Besides these, Yogi has also scrapped the Samajwadi Health Insurance Scheme and construction of boundary walls around Muslim burial grounds.
These schemes of the previous regime automatically came to an end when the Yogi government did not allocate funds to these schemes in his maiden budget of Rs 3.84 lakh crore presented on July 11 in the UP Assembly.
Reacting to the development, leader of opposition, Ram Govind Chowdhary said that "by scrapping Akhilesh Yadav government's schemes, the BJP government has proved that it has nothing to do with the development and welfare of people of the state."
-*NEW CM, NEW BUDGET*-
· The new Chief Minister has allocated a total budget of Rs 55,781 crore for new schemes launched by his government, no allocations were made to run schemes launched by the Akhilesh government
ReportIndiaSrawan ShuklaDNALucknow
· Yogi Adityanath
· Akhilesh Yadav
· Uttar Pradesh
· bharatiya janata party
· Mulayam Singh Yadav
· Yash Bharti award
· UP Assembly
Sat, 15 Jul 2017-07:45am
Date updated:
Saturday, 15 July 2017 - 7:45am
Article Images:
UP CM Yogi Adityanath with FM Rajesh Aggarwal before presenting the State Budget for 2017-18 on Tuesday
PTI
Short URL:
dnai.in/ePZ2
Embargo:
Syndicate:
Hide lead image:
Page views:
1
From Print Edition: Reported by DNA 22 hours ago.
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US Health Insurers Want Cruz Proposal Dropped From Senate Bill
Two major U.S. health insurance groups on Friday called on Senate Republican leader Mitch McConnell to drop from a healthcare bill a provision proposed by Senator Ted Cruz that allows insurers to offer stripped-down, low-cost healthcare plans.
Reported by Newsmax 23 hours ago.
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THE INSURANCE AND THE IoT REPORT: How insurers are using connected devices to cut costs and more accurately price policies
This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here.Insurance companies have long based their pricing models and strategies on assumptions about the demographics of their customers. Auto insurers, for example, have traditionally charged higher premiums for parents of teenage drivers based on the assumption that members of this demographic are more likely to get into an accident.
But those assumptions are inherently flawed, since they often aren't based on the actual behaviors and characteristics of individual customers. As new IoT technologies increasingly move into the mainstream, insurers are able to collect and analyze data to more accurately price premiums, helping them to protect the assets they insure and enabling more efficient assessment of damages to conserve resources.
A new report from BI Intelligence explains how companies in the auto, health, and home insurance markets are using the data produced by IoT solutions to augment their existing policy pricing models and grow their customer bases. In addition, it examines areas where IoT devices have the potential to open up new insurance segments.
Here are some of the key takeaways:
· The world's largest auto insurers now offer usage-based policies, which price premiums based on vehicle usage data collected directly from the car.
· Large home and commercial property insurers are using drones to inspect damaged properties, which can improve workflow efficiency and reduce their reliance on human labor.
· Health and life insurance firms are offering customers fitness trackers to encourage healthy behavior, and discounts for meeting certain goals.
· Home insurers are offering discounts on smart home devices to current customers, and in some cases, free devices to entice new customers.
In full, the report:
· Forecasts the number of Americans who will have tried usage-based auto insurance by 2021.
· Explains why narrowly tailored wearables could be what's next for the health insurance industry.
· Analyzes the market for potential future insurance products on IoT devices.
· Discusses and analyzes the barriers to consumers opting in to policies that collect their data.
To get your copy of this invaluable guide to the IoT, choose one of these options:
1. Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> *START A MEMBERSHIP*
2. Purchase the report and download it immediately from our research store. >> *BUY THE REPORT*
The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of insurance and the IoT.
Join the conversation about this story » Reported by Business Insider 22 hours ago.
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U.S. health insurers want Cruz proposal dropped from Senate bill
Two major U.S. health insurance groups on Friday called on Senate Republican leader Mitch McConnell to drop from a...
Reported by WorldNews 20 hours ago.
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States to Health Insurers: Please Come Back
Regulators are trying everything to prevent state health-insurance marketplaces from unraveling, as insurers raise rates or exit individual exchanges, and the federal health-care overhaul drags on.
Reported by Wall Street Journal 20 hours ago.
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New Senate health care bill could still hurt the sick and the poor
Bare bones health insurance plans may be a good deal for those who aren't sick. But they don't do much for Americans with pre-existing conditions.
Reported by CNNMoney 14 hours ago.
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Trump's 'dying in the streets' line vs. health care reality
Preventive care and routine screening can make a big difference for those at risk for things such as heart problems and cancer, especially over time. Against doctor's advice, she continued to work full time as a paralegal, through chemotherapy and radiation, just to preserve her health insurance. [...] stories are swirling around the Senate debate as Majority Leader Mitch McConnell, R-Ky., pushes toward a vote on legislation rolling back much of former President Barack Obama's Affordable Care Act. The GOP bill has been facing headwinds since the Congressional Budget Office estimated it would lead to 22 million more uninsured people by 2026. Administration officials say the nonpartisan budget office has been wrong before about health coverage, and its analytical methods may give too much weight to the current requirement that most people carry health insurance or risk fines. (Republicans would repeal that immediately.) Health and Human Services Secretary Tom Price said Trump's goal is more people with health insurance, not fewer. Medicaid expansions in New York, Maine and Arizona in the early 2000s were associated with a 6 percent decline in death rates in those states, compared with neighboring states that did not expand coverage for low-income people. [...] in Oregon a Medicaid expansion study that found a marked reduction in depression failed to detect significant improvement in blood sugars, blood pressure and cholesterol levels — risk factors for heart disease and diabetes. A couple of months later, a "special enrollment period" enabled him to get subsidized coverage through HealthCare.gov, opening doors to physical therapy and follow-up medical care.
Reported by SeattlePI.com 12 hours ago.
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US health insurers want Cruz proposal dropped from Senate bill
Two major U.S. health insurance groups on Friday called on Senate Republican leader Mitch McConnell to drop from a healthcare bill a provision proposed by Senator Ted Cruz that allows insurers to offer stripped-down, low-cost healthcare plans. “It is simply unworkable in any form and would und...
Reported by Raw Story 12 hours ago.
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WH Takes Early Strike at CBO Score on Revised Healthcare Bill
Two Trump administration aides Saturday took a pre-emptive strike at the upcoming Congressional Budget Office score on the revised Republican healthcare plan, saying it will be "little more than fake news.""The CBO will likely predict lower health insurance coverage rates...
Reported by Newsmax 2 hours ago.
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Fin24.com | No clear financial plan on NHI scheme
The lack of a clear financial plan in the white paper on the National Health Insurance scheme and how it would be funded is halting decision making in the private sector.
Reported by News24 21 hours ago.
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Do I Need to Sign Up for Medicare at 65 if I Have Other Health Insurance?
The short answer: It depends.
Reported by Motley Fool 15 hours ago.
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Wealth among Hispanics in N.J. varies widely (MAP)
Jersey's Hispanic population grows but new census data reveal wide disparities in income, poverty, health insurance
Reported by NJ.com 14 hours ago.
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