Tag: Insurance

Number of Adults with Consumer-Driven Health Plans Grows to 21 Million »

A new survey from the Employee Benefits Retirement Institute (EBRI) reports that 21 million adults have health plans that qualify them to open a Health Savings Account or a Health Reimbursement Arrangement. We refer to these plans as Consumer-Driven Health Plans (CDHP) because they offer lower premiums in return for higher deductibles than traditional...
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Why Are So Many Economists Confused About Obamacare’s Effects on Jobs? »

What’s wrong with the business economists? Have they forgotten everything they learned in Econ 101? Casey Mulligan explains it for the umpteenth time: As far as I know, before this month the only place that one could read about the Affordable Care Act’s new employment tax was in this paper by David Gamage, in...
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False Advertising for Obamacare »

President Obama and Congressional Democrats have a standard talking point when defending Obamacare these days: no longer can insurance companies cancel your insurance after you get sick. They are lucky they are not subject to the same FTC regulations that apply to commercial businesses. This practice has been illegal under federal law since the...
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What Republicans and Democrats Don’t Understand About the Insurance Company “Bailout” »

Last week I testified before the House Oversight committee on the “risk corridors” in the (ObamaCare) exchanges. Republicans claim that this is a device to bail out the insurance companies. Democrats, in the unusual position of defending the insurance companies, actually claimed that the government was going to make a “profit” because of it....
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Will the Federal Government Turn a Profit on Risk Corridors? That Can Be Stopped. »

I have written twice about the “risk corridors” in Obamacare’s health-insurance exchanges. The first post described how risk corridors will work in the exchanges. Risk corridors exist for three years and are designed to partially immunize insurers from losing money in the exchanges. Recently, the risk corridors have been described as a “bailout,” especially...
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Are Young People Better Off Being Uninsured? »

The Affordable Care Act makes health insurance more expensive for young adults while simultaneously making it far less risky to go without insurance, according to a study by Conor Ryan, a health care analyst, and Chris Holt, the director of health care policy, at the American Action Forum. They find that opting out of...
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Patient CARE Act Would Impose 37 Percent Marginal Income-Tax Hike on Late Middle-Aged »

I have already written twice about three Republican Senators’ health-reform bill (here and here). Nevertheless, it continues to attract attention, and its likely most curious impact has not yet been described. The Patient CARE Act, put forward by Senators Hatch, Burr, and Coburn, would institute changes to marginal-income tax rates that would increase disincentives...
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Health Reform: Senate Republicans’ Proposal Is a $47 Billion Tax Hike with Few Beneficiaries »

The health-reform proposal put forward by three Republican Senators (Hatch, Burr, and Coburn) has attracted a lot of attention as the so-called Republican alternative to Obamacare. Although the reform includes a grab bag of previous Republican reforms, including medical malpractice and Medicaid, its most radical element is a significant change to the private, employer-based...
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Health Reform: Senate Republicans’ Continuous Coverage Consumer Protection Needs Improvement »

Three Republican Senators have released a health-care reform proposal that has attracted much attention. One of the three, Orrin Hatch, is likely to chair the Senate Finance Committee if the Republicans win the majority in the Senate. John Goodman has described the bill neutrally. At Forbes, Matthew Herper describes the effect of capping the...
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Coburn II »

ObamaCare is widely perceived as a Rube Goldberg contraption that treats people in arbitrary and unfair ways. A Republican alternative, therefore, needs to be clear, easy to understand, and based on principles that starkly contrast with ObamaCare. It must not be “ObamaCare light.” The first Coburn health reform proposal (the Coburn/Burr/Ryan/Nunes bill) fits this...
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