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Health Insurers Wrestle with Increasing Costs

Insurers are proposing big premium increases for next year’s health coverage. Some are struggling to make money. They are seeking increases to cover costs that have exceeded their estimates and continue to lag. Business has not stabilized for the insurance exchanges as health plans continue to change. Numbers of insurers say their enrollees who purchased … Continued

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Health Care Battle Brewing In Tenn.

Hospitals in Tennessee are fighting with insurance companies over reimbursements.  The hospitals are overcharging to keep patients’ costs down, while insurance wants to pay less to hospitals to keep coverage holders’ premiums down.  The best way for facilities, physicians, and individuals to save money is to remove pesky insurance companies from the equation.  Physicians and … Continued

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Insurance Brokers Face Uncertainty Over Health Care Reform

With the new MLR (Medical Loss Ratio) requirement, health insurance companies have had to reduce their sales budgets, and their customer service budgets. Since people will be forced to use the obamacare government exchanges, companies will have government bureaucrats to explain the benefits to them. This move greatly reduces the commissions paid to health insurance … Continued

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PPACA: California MLR Rebates to Average $38.89

I just received my refund check from Blue Cross/Blue Shield of AZ for nearly $50.  This whole rebate deal and amount is meaningless.  With all the money paid into premiums, this small “token” is supposed to improve the quality of our health care by taking money from insurance companies who we overpaid, based on a calculation … Continued

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Private Exchanges a Solution, but Not for All Insurance Agents | LifeHealthPro

The state run Obamacare exchanges will decimate insurance brokers. While many of them may not present a lot of value, a great number of them do. Some employers prefer to hire an Agent, Broker, or Consultant to do the shopping rather than dedicate their own resources to doing so. Obamacare exchanges prevent that. They force … Continued

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Obamacare Falls Short of Promises to Uninsured

Obama’s promises fall short yet again.  He first said that if you like your doctor, you can keep them.  Now employers are dropping coverage for their employees to avoid the ACA penalty, so the numbers of uninsured are rising.  Obamacare would still leave 30 million Americans uninsured.  So much for “coverage for all”! The only … Continued

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The Supreme Court May Have Saved Lives

This is a very interesting story. On the one hand, it is a good thing that lives will be saved, by not forcing people into second rate coverage. On the other hand, it reduces costs. And, it allows people to take care of themselves, rather than forcing them to become wards of the state. At … Continued

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1 in 10 Employers to Drop Health Coverage

Because the Affordable Care Act will increase the cost of healthcare so much, while increasing compliance costs and taxes, employers are responding the only way they can, and that is to stop offering coverage. If you are in a state which has a state run exchange, you could face fines as high as $12,000 for … Continued

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CEO’s Need to be Involved in Healthcare Decisions

Too many CEOs have been uninvolved in healthcare decisions for decades. After all, why should a CEO need to know about healthcare. He or she has a company to run. Often the CFO or HRO is delegated the responsibility for healthcare. If that CFO or HRA is an actual officer of the company and shareholder, … Continued

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The States Can Still Kill Obamacare

Since the SCOTUS ruled against the people of this country in their recent decision, now it is up to the members of Congress and state leaders to curb this monstrosity.  If a state refuses to set up an Obamacare exchange, they are saying “no” to socialized medicine.  Without these new levels of MediCrats, Obamacare cannot … Continued

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