HHS clarifies health insurance exchanges are not federal health care programsMichele A. Masucci
Instead, 26statesare letting thefederal governmenttake the lead in setting uphealth insuranceexchanges, where many Americans can shop for coverage beginning with open enrollment this October. Most of the states handing off exchange duties to the federal government are led by Republican governors, inclu...
When the health insurance Marketplaces/exchanges were first introduced for 2014 coverage, premium subsidy (premium tax credit) eligibility was initially capped at household incomes of 400% of the federal poverty level (FPL), which is a measure of income issued every year by the Department of Hea...
Financial Performance of Health Insurers: State-Run Versus Federal-Run Exchanges.doi:10.1177/1077558717697013ACAfederal insurance exchangefinancial performanceindividual marketmedical loss ratiostate insurance exchangesMany insurers incurred financial losses in individual markets for health insurance during 2014, ...
Public vs. private marketplaces Either the federal government or state governments manage the public medical insurance marketplace, while private companies run private exchanges. While government exchanges are usually limited to qualified health plans (i.e. ACA-compliant plans), private ...
TheAmerican Rescue Plan Acteliminated an income cap that restricted who qualified for ACA tax credits to help offset the cost of monthly insurance premiums, opening the door to people with incomes above 400% of thefederal poverty level, who were previously ineligible for the tax credits. It also...
Is Obamacare Commercial Insurance? Obamacare (more formally known as theAffordable Care Act) is a federal law that made it possible for individuals to obtain health insurance coverage through state health exchanges ormarketplaces. These plans are offered and run by private companies, so technically...
Here’s a chart, based on the federal government’s data, showing the share of health expenditures that are paid directly by consumers. In the chart, I show the year that Obamacare was enacted. Notice that the legislation didn’t have an effect on the trendline, either the year it was ...
on health care, he could end federal “BAILOUTS” for insurance companies, which could effectively force Congress to act or else put health insurance companies in the difficult position of having to raise rates on people who can’t afford to pay them or to leave Obamacare exchanges entirely. ...
Health insurance premiums have risen dramatically over the past decade in response to the rising cost of health care services. The Affordable Care Act (aka Obamacare) helped to make health insurance accessible and affordable to more Americans by creating health insurance marketplaces or “exchanges...