And the CBO brings the hammer: (P.102) Other technical changes to estimates of mandatory spending include a $6 billion decrease in CBO’s projections of outlays for premium and cost-sharing subsidies provided through health insurance exchanges over the 2014–2023 period. That decrease largely reflects lower expected enrollment in2014 in plans sold through the exchanges, and lower …
Are you experienced?
Underwriters are the key people in an insurance company. They are the people who look at applicants, apply a system of equations and probability trees and figure out what a reasonably close price for the risk adjusted projected cost of an individual. If the underwriters guess too low, the insurance company won’t collect enough premiums …
Competition, it does a market good
Price Waterhouse Coopers conducted an analysis to see how Obamacare individual market premiums and policies match up against common employer group market policies. The short story is that the Obamacare policies are priced as well or usually better than employer group market premiums: CNBC: The report found that the median rate of Obamacare exchange-sold plans …
Reinventing the wheel
Following up on my post this morning on the financing of the P-CARE proposal there is a significant change as the Republicans proposing this bill realize that they are proposing a massively expensive and disruptive tax hike that will impact middle class and upper middle class voters. Sen. Coburn’s office issued a “clarification” this morning …
Taking a Hatchet to healthcare (Pt. 3)
The first two parts of this series have looked at the private market for health insurance and the government programs. Medicare is essentially unchecked while Medicaid gets a whole lot stingier. The private market is allowed to exclude and underwrite in some circumstances while the federal government backs away from a lot of regulation. The …
Problems with high deductible health plans
From a loyal reader, I was pointed to this story down in Georgia concerning state employees getting a slightly better health insurance plan mid-year. I want to highlight the problem with the original health plan. This year has brought on an onslaught of changes, which included one form of insurance from Blue Cross Blue Shield of Georgia …
Problems with high deductible health plansPost + Comments (25)
Taking a Hatchet to healthcare (Pt. 2)
We talked about the private insurance market yesterday and how the PCARE proposal would change it compared to the baseline of Obamacare (as that is where we are today.) Today let’s review government programs that provide healthcare. Section 301 Capitation payments for Medicaid The most important thing about 301 is it is the implementation of …