Tag: Insurance

Obamacare’s “Bailout” of Insurers Is Still a Live, Moving Target »

The Obama administration continues to move the goalposts of the so-called “bailout” of health insurance companies that lose money in the Obamacare exchanges. Formally labelled “risk corridors,” the bailouts are a process by which the administration will take money from insurers that profit more than expected in the exchanges, and transfer that money to...
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Number of Patient Payments to Healthcare Providers Up 72 Percent in 3 Years »

Although Obamacare’s health-insurance policies are shocking people by imposing very high deductibles, high deductibles alone are a feature, not a bug, of high-performing health insurance. In the absence of over-regulation of health insurance, every dollar a beneficiary pays directly to a healthcare provider, instead of to a health insurer as premium, reduces administrative and...
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Obama’s Push to Recruit Young Adults into Obamacare Falls Short »

The White House and its media allies have been cheerleading Obamacare’s apparent success at exceeding the president’s stated target for enrollments in the Obamacare health-insurance exchanges. Even more importantly, they have asserted that a significant proportion enrolled in the exchanges are young people. President Obama declared that 35 percent of enrollees are under the...
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What Are the Financial Risks of Being Uninsured? »

Previously, Chris Conover showed that the medical risk of being uninsured is small: ...[T]he evidence that having health insurance will reduce mortality risk by any significant amount is pretty thin...even if we assume that having coverage reduces the chance of early death by 22 percent, this is comparable to a half dozen other risks...
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Can Obamacare Be Fixed? Part II »

The reason we have so many problems in health care is that almost everywhere we look, people face perverse incentives—patients, doctors, employers, employees, etc. When they respond to those incentives, they do things that make costs higher, quality lower, and access to care more difficult than otherwise would have been the case. At the...
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Employer-Based Health Insurance: “Job Lock” Is Not the Problem, “Insurance Lock” Is »

Over at The Incidental Economist, Austin Frakt is publishing an interesting series on “job lock”. This is the idea that, because most of us get our health benefits from our employers, we are “locked” into jobs we don’t like because they offer benefits which we do like (or need). We get our health benefits...
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This Large Health Insurer Has Effectively Admitted Obamacare Is Failing »

People can be forgiven for being confused about the effects of Obamacare. For over a year now, there has been a lot of evidence that the upward trend of medical costs has tempered. Some have said that we have finally bent the cost curve. Much of the declining rate of growth of medical spending...
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Obamacare’s Risk Corridor “Bailout” Just Got Bigger—Much Bigger »

Last Friday, the Obama administration quietly released 280 pages of rules that, among other things, increases Obamacare’s risk corridors (a.k.a. insurers’ bailout): We propose to implement an adjustment to the risk corridors formula..... Such an adjustment could increase a QHP issuer’s risk corridors ratio if administrative expenses are unexpectedly high or claims costs are...
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Zeke Speaks Out on McCain and Health Reform »

Normally, I don’t think Zeke Emanuel has much to say that is both true and interesting. But this insider’s view of the making of ObamaCare is fascinating. Apparently there were people inside the White House who wanted to adopt John McCain’s approach to health reform. We ended up with only a timid step in...
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Lankford Introduces Legislation Giving Congressional Authority to Interstate Health Care Compact »

In February, Rep. James Lankford (R-OK) introduced legislation (H.J.Res.110) that would give congressional approval to states entering the Health Care Compact. This is an important step forward for one of the most innovative ideas that has been developed to reduce federal interference in regulating health markets. As Lankford notes in a recent Forbes op-ed,...
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