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HR 3590 "ObamaCare"
Tag Archives: illegal insurance
How Obamacare will HSA-qualified plans more costly
At Forbes, Avik Roy explains how government bureaucrats will make high-deductible insurance plans that qualify for Health Savings Accounts more expensive, even though such plans promote prudent medical spending. Continue reading
ObamaCare’s lower-price “bronze” plans: bells & whistles w/o catastrophic coverage
‘ObamaCare['s 'bronze'] policy would be a lousy deal for someone who needs catastrophic coverage but not all the mandatory bells and whistles.” Continue reading
New HHS Regs Endanger HSAs, High-Deductible Plans, #thanksobamacare
A new Obama administration rule could drive out of the market the low-cost, high deductible plans that are supposed to be available under ObamaCare. That would likely mean a sharp jump in taxpayer subsidies. Continue reading
Posted in insurance, tax code, HSAs, Policy - National
Tagged HHS, HR 3590, HSAs, illegal insurance, medical-loss ratios, ObamaCare, real insurance
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Mass. authorities fine bankrupt couple for having illegal health plan
In Massachusetts, and soon across the nation, “the state decides how much health insurance you can afford — not you.” Massachusetts residents Lauren and Nick Destito must pay a fine for having an illegal health plan. Continue reading
Posted in mandatory insurance
Tagged illegal insurance, mandatory insurance, Massachusetts health
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Insurance company fined for selling illegal policies in Massachusetts
From Healthcare Finance News, April 26 2011: According to the [Massachusetts] AG’s complaint, U.S. Life sold health insurance policies in Massachusetts that were not authorized for sale and did not cover health services required by Massachusetts law. The mandated services … Continue reading
9 of 10 companies anticipate their insurance will be banned
From MarketWatch: a new survey by Hewitt Associates, a global human resources consulting and outsourcing company, shows that almost all now believe they will not. Ninety percent of companies said they anticipate losing grandfathered status by 2014, with the majority … Continue reading
Draft HHS report: half of employer plans illegal by 2013
More illegal insurance resulting from HR 3590, the health control legislation. From Investor’s Business Daily: Internal administration documents reveal that up to 51% of employers may have to relinquish their current health care coverage because of ObamaCare. Small firms will … Continue reading
Politico: “Health law could ban low-cost plans”
From Jennifer Haberkorn at Politico explains how the health control legislation, HR 3590, bans affordable insurance: Part of the health care overhaul due to kick in this September could strip more than 1 million people of their insurance coverage, violating … Continue reading
HSA health insurer shuts down because of ObamaCare
In response to the health control legislation, HR 3590, a small health insurance companies that focused on selling high-deductible policies is closing its doors. So reports Richmond BizSense (emphasis added) The hotly debated healthcare reform bill signed into law in … Continue reading
Posted in PPC
Tagged HR 3590, HSAs, illegal insurance, medical-loss ratios, ObamaCare
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More Colorado employers are offering HSAs
The Denver Business Journal reports: Twenty-seven percent of Colorado and Wyoming employers surveyed by MSEC recently said they now offer Health Spending Accounts as an option for their employee benefit plans, up from 21 percent in 2009, 18 percent in … Continue reading