Tag: health insurance

Obamacare exchanges grow thinner with Aetna leaving for 2018

BY TOM MURPHY While Republicans rewrite the Affordable Care Act in Washington, the immediate future of the law has grown hazier with the nation’s third-largest health insurer saying that it will completely divorce itself from state-based insurance exchanges. Aetna said late Wednesday that it won’t sell individual coverage in Nebraska and Delaware next year after projecting a $200 million loss this year. The insurer had already pulled out of several states after losing about $450 million in 2016. The exchanges are a pillar of the federal law because they allow millions of people to buy coverage with help from...

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Nevada coalition seeks unprecedented insulin refund law

BY ALISON NOON CARSON CITY, Nev. (AP) — Aiming to rein in soaring prescription drug prices, an unlikely Nevada coalition is trying to force pharmaceutical companies to disclose how they set insulin prices – and issue refunds to diabetics or their insurance companies if annual price hikes surpass inflation. Las Vegas casino owners have banded together with their employees’ unions of cooks, servers and other resort workers to support the unprecedented legislation in their effort to control their own medical insurance costs. The bill expected to face its first vote in early May would attempt to cap how much...

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New prescription: Doctor offices that look like Apple stores

SAN FRANCISCO (AP) — After a relative suffered a heart attack a few years ago, Silicon Valley entrepreneur Adrian Aoun got an unsettling look at a health-care system that he diagnosed as an inefficient and outdated mess. Now he believes he has a remedy. It’s called Forward, a health-management service that charges a $149 per month – roughly $1,800 a year – to tend to all of its patients’ primary-care needs. And not just with attentive doctoring, either; Forward plans to deploy body scanners, sensors, giant touch-screen monitors, infrared devices and other high-tech gizmos that could make a doctor’s...

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Significant premium hikes expected under Obama health law

WASHINGTON (AP) — Expect insurers to seek significant premium increases under President Barack Obama’s health care law, in a wave of state-level requests rippling across the country ahead of the political conventions this summer. Insurers say the law’s coverage has been a financial drain for many of them, and they’re setting the stage for 2017 hikes that in some cases could reach well into the double digits. For example in Virginia, a state that reports early, nine insurers returning to the HealthCare.gov marketplace are seeking average premium increases that range from 9.4 percent to 37.1 percent. Those initial estimates...

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Cancer patients snagged in health law’s tangled paperwork

WASHINGTON (AP) — Walt Whitlow was under treatment for cancer when he got an unwelcome surprise. His financial assistance under President Barack Obama’s health care law got slashed. That meant his premium quadrupled and his deductible went from $900 to $4,600. Hundreds of thousands of people lose subsidies under the health law, or even their policies, when they get tangled in a web of paperwork problems involving income, citizenship and taxes. Some are dealing with serious illnesses like cancer. Advocates fear the problems, if left unresolved, could undermine the nation’s historic gains in health insurance. Ana Granado was scheduled...

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