Caroline's Feed
Oct 1, 2013

Obamacare launch hits early hitch as online traffic snarls up sites

By David Morgan and Caroline Humer

(Reuters) – The U.S. government launched the centerpiece of President Barack Obama’s landmark healthcare reform on Tuesday, opening new insurance marketplaces across the country for millions of uninsured Americans, but technical glitches prevented early access to many of their websites.

The opening of the state marketplaces, or exchanges, went ahead despite a partial federal government shutdown precipitated by Republican opposition to the healthcare law that deadlocked a spending bill in Congress.

Sep 25, 2013

Obamacare’s average monthly cost across U.S.: $328

By Caroline Humer

(Reuters) – Americans will pay an average premium of $328 monthly for a mid-tier health insurance plan when the Obamacare health exchanges open for enrollment next week, and most will qualify for government subsidies to lower that price, the Obama administration said on Wednesday.

The figure, based on data for approved insurance plans in 48 states, represents the broadest national estimate for how much Americans will pay for health coverage under President Barack Obama’s healthcare reform law next year. The prices of the new plans are at the heart of a political debate over whether they will be affordable enough to attract millions of uninsured Americans.

Sep 23, 2013

Benefit firms create tremors for insurers in U.S. healthcare shakeup

NEW YORK, Sept 23 (Reuters) – American companies are sending
shockwaves through the healthcare industry by moving a rapidly
growing number of employees onto privately run online exchanges
for their medical coverage.

In a business already bracing for major change because of
President Barack Obama’s healthcare reforms, the decisions are
threatening to shift more power in the market to the benefit
consulting firms opening many of the exchanges.

Sep 20, 2013

Analysis: Benefit firms create tremors for insurers in U.S. healthcare shakeup

NEW YORK (Reuters) – American companies are sending shockwaves through the healthcare industry by moving a rapidly growing number of employees onto privately run online exchanges for their medical coverage.

In a business already bracing for major change because of President Barack Obama’s healthcare reforms, the decisions are threatening to shift more power in the market to the benefit consulting firms opening many of the exchanges.

Aug 29, 2013

Aetna pulls out of another Obamacare health exchange

By Caroline Humer

(Reuters) – Aetna Inc has decided not to sell insurance on New York’s individual health insurance exchange, which is being created under President Barack Obama’s healthcare reform law, the fifth state where it has reversed course in recent weeks.

The third-largest U.S. health insurer has said it is seeking to limit its exposure to the risks of providing health plans to America’s uninsured, but did not give details about its decision to pull out of specific markets.

Aug 28, 2013

U.S. delays deadline for finalizing Obamacare health plans

WASHINGTON (Reuters) – The Obama administration has delayed a step crucial to the launch of the new healthcare law, the signing of final agreements with insurance plans to be sold on federal health insurance exchanges starting October 1.

The U.S. Department of Health and Human Services (HHS) notified insurance companies on Tuesday that it would not sign final agreements with the plans between September 5 and 9, as originally anticipated, but would wait until mid-September instead, according to insurance industry sources.

Aug 28, 2013

Exclusive: U.S. delays deadline for finalizing Obamacare health plans

WASHINGTON (Reuters) – The Obama administration has delayed a step crucial to the launch of the new healthcare law, the signing of final agreements with insurance plans to be sold on federal health insurance exchanges starting October 1.

The U.S. Department of Health and Human Services (HHS) notified insurance companies on Tuesday that it would not sign final agreements with the plans between September 5 and 9, as originally anticipated, but would wait until mid-September instead, according to insurance industry sources.

Aug 2, 2013

Aetna exits Obamacare exchange in Maryland over price

By Caroline Humer

(Reuters) – Aetna Inc pulled out of Maryland’s health insurance exchange being created under President Barack Obama’s healthcare reform law after the state pressed it to lower its proposed rates by up to 29 percent.

Under the law, often called Obamacare, each U.S. state will have an online exchange where Americans will be able to buy insurance plans, starting on October 1. The government is counting on about 7 million people to enroll next year for this insurance, many of whom will qualify for subsidies.

Aug 2, 2013

Analysis: In Obamacare rate debate, price gets political

NEW YORK (Reuters) – With the October 1 date for enrollment in the health insurance exchanges being created by Obamacare less than two months away, a war of numbers has been escalating.

Health insurance will cost way less. Or it will cost way more. It depends who you ask.

Aug 2, 2013

In Obamacare rate debate, price gets political

NEW YORK, Aug 2 (Reuters) – With the Oct. 1 date for
enrollment in the health insurance exchanges being created by
Obamacare less than two months away, a war of numbers has been
escalating.

Health insurance will cost way less. Or it will cost way
more. It depends who you ask.