Tag: Obamacare

More price hikes likely for government insurance (Obamacare) markets

BY TOM MURPHY Early moves by insurers suggest that another round of price hikes and limited choices will greet insurance shoppers around the country when they start searching for next year’s coverage on the public markets established by the Affordable Care Act (Obamacare). Insurance companies are still making decisions about whether to offer coverage for individuals next year on these markets, and price increase requests are only just starting to be revealed by state regulators. But in recent weeks big insurers like Aetna and Humana have been dropping out of markets or saying that they aren’t ready to commit....

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Did landmark laws from Congress enable high drug prices?

WASHINGTON (AP) — Lawmakers are venting outrage over high prescription drug costs, but if Congress is looking for culprits, it might want to look in the mirror. Republican- and Democratic-controlled Congresses, and presidents of both parties, may have set the stage for the startling prices that have consumers on edge. In the last 13 years, Congress passed major legislation that expanded taxpayer-financed coverage for prescription drugs but lacked explicit mechanisms for dealing with costs, instead relying mainly on market forces. Lawmakers look like unwitting enablers in the eyes of some experts. “Congress in attempting to expand access to prescription...

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Obamacare 2.0: Obama Calls For Revisiting The Public Option

WASHINGTON (AP) — President Barack Obama is laying out a blueprint for addressing unsolved problems with his signature health law, including a renewed call for a “public option” to let Americans buy insurance from the government. Obama’s assessment of the Affordable Care Act comes in an eight-page article in the Journal of the American Medical Association, a peer-reviewed publication. The article debuted Monday on the journal’s website, and Obama plans to echo the themes in public events and speeches in the coming weeks. Replete with academic-style citations, the article is largely a self-congratulatory look at what Obama sees as...

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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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