David's Feed
Apr 7, 2014

U.S. government rolls back proposed Medicare Advantage cut

By Caroline Humer and David Morgan

(Reuters) – The Obama administration on Monday rolled back some of the more controversial cuts proposed for privately managed Medicare health plans used by the elderly following pressure from insurance companies and lawmakers.

The Centers for Medicare and Medicaid Services (CMS) said that on average, reimbursement for such Medicare Advantage plans in 2015 would rise 0.4 percent, reversing what is said was a 1.9 percent average reduction proposed in February.

Apr 4, 2014

U.S. reports three million Medicaid enrollments under Obamacare

WASHINGTON (Reuters) – Three million lower-income Americans have enrolled in the Medicaid program for the poor so far during the rollout of U.S. President Barack Obama’s healthcare reform law, the administration announced on Friday.

That brings to more than 10 million the number of people who have signed up for both public and private health coverage since the October 1 launch of the Patient Protection and Affordable Care Act, known as Obamacare. This week, the White House announced there were 7.1 million sign-ups as of March 31 for private health plans through new electronic insurance marketplaces now operating in all 50 states, a total that exceeded most expectations.

Apr 2, 2014

Obamacare numbers offer glimmer of hope for Democrats in elections

WASHINGTON (Reuters) – A rare burst of good news on President Barack Obama’s healthcare program has given Democrats their first glimmer of hope in months on an issue that has helped drag the party down ahead of November’s U.S. congressional elections.

A better-than-expected enrollment of 7.1 million people in healthcare exchanges under Obamacare gives Democrats a positive argument to counter relentless Republican calls for repeal of the law, and could help them change the topic to the bread-and-butter economic and job issues Democrats prefer to talk about.

Apr 2, 2014

U.S. senator urges budget neutrality on Obamacare risk provisions

WASHINGTON (Reuters) – U.S. Senator Marco Rubio, a prominent Republican critic of President Barack Obama’s healthcare law, unveiled legislation on Tuesday to make sure Obamacare would not add to the deficit by compensating insurance companies for possible losses.

The 2010 healthcare law includes provisions to safeguard insurers against losses if they saw unexpectedly high enrollments of sick or older people, who are costlier to insure than young, healthy consumers.

Apr 1, 2014

U.S. insurers fear backlash over new Obamacare rate increases

WASHINGTON (Reuters) – As the first Obamacare enrollment period comes to a close, U.S. insurers are already anticipating the need to raise prices for 2015 and fear that it will put them at the center of the political blame game over President Barack Obama’s healthcare law.

The Obama administration was poised on Tuesday to declare victory over signing up more than 7 million people for this year, overcoming technology failures that stymied enrollment in the program’s early weeks and Republican efforts to discredit it in the eyes of consumers.

Apr 1, 2014

Obamacare enrollment exceeds 7 million target despite setback

WASHINGTON (Reuters) – President Barack Obama’s national healthcare program signed up more than 7 million people by the last day of March, the White House said on Tuesday, notching a rare victory after a months-long, glitch-filled rollout of the law.

Obama is scheduled to make a statement about the Affordable Care Act, popularly known as Obamacare, at 4:15 p.m. EDT (2015 GMT) in the White House.

Apr 1, 2014

Obamacare enrollment to hit 7 million target despite setback

WASHINGTON, April 1 (Reuters) – President Barack Obama’s
national healthcare program was on track to reach its goal of
covering 7 million Americans, administration officials said on
Tuesday, a victory for the White House after a months-long,
glitch-filled rollout.

Obama is scheduled to make a statement about the Affordable
Care Act, popularly known as Obamacare, at 4:15 p.m. EDT (2015
GMT) in the White House.

Apr 1, 2014

Obamacare website stalls a bit before enrollment deadline

WASHINGTON (Reuters) – The federal website for U.S. consumers to enroll in private health insurance under Obamacare ran into problems twice on Monday because of a surge of people trying to access the site hours before a midnight deadline to sign up for coverage.

Technical issues that barred access to HealthCare.gov for several hours throughout the day underscored the frantic last-minute pace of an enrollment process that could determine the ultimate success or failure of the healthcare law that represents President Barack Obama’s domestic policy achievement.

Mar 31, 2014

Obamacare website stalls briefly ahead of enrollment deadline

WASHINGTON (Reuters) – The federal website for U.S. consumers to enroll in private health insurance under Obamacare ran into problems twice on Monday, amid a surge of people trying to access the site hours before a midnight deadline to sign up for coverage.

Technical issues that barred access to HealthCare.gov early in the morning and again around midday underscored the frantic last-minute pace of an enrollment process that could determine the ultimate success or failure of the healthcare law that represents President Barack Obama’s domestic policy achievement.

Mar 30, 2014

Obamacare hits milestone, but detours ahead for U.S. health law

WASHINGTON (Reuters) – President Barack Obama’s embattled U.S. healthcare law, having survived a rollout marred by technology failures, reaches a milestone on Monday with the end of its first enrollment wave, and with the administration likely to come close to its goal of signing up 7 million people in private health insurance.

But as the White House and its allies declare victory, major hurdles remain. And it will take years to determine whether the law will accomplish its mission of creating stable insurance markets that can help a significant number of America’s nearly 50 million uninsured gain health coverage, experts say.

    • About David

      "David Morgan has covered news from Wall Street and Fleet Street to the White House, the Pentagon and Congress, including politics, macroeconomics, military affairs, corporate finance, U.S. intelligence, national security and the international markets. He has also reported from Atlanta on the rise of American conservatism, civil rights, homegrown terrorism and the Olympics, and helped chronicle the Sept. 11 attacks and their aftermath from Philadelphia, New York and Washington."
    • Follow David