Another week full of Obamacare news, reports and opinions. Health care reform is still a hot button issue and Christina LaMontagne, Nerdwallet’s Vice President of Health, found the best of the best Obamacare news to help you get caught up on all things Obamacare.
McArdle exposes yet another potential Obamacare change being considered by the Obama administration. They are thinking of extending the “‘risk corridors’, the federal reimbursement program for health-insurance companies that lose money by participating in the newly created health-care exchanges.” McArdle summarizes that, “ [If] it does extend the program, [the Obama administration] is basically confessing two things: It thinks the law is whatever it says it is, and it never really cared how much the program cost.”
Obamacare Enrollment Surges to 3.3 Million, but These 5 States Lagged Far Behind 2/15/2014 on fool.com @TMFUltraLong (Sean Williams)
Five states—Nevada, Vermont, Washington, New York and Connecticut—have the lowest month-over-month enrollment percentage growth. Williams further reports that “all five of the worst performing states on an enrollment percentage basis run their own health exchange. That’s saying something because only 14 of 50 states are running their own exchanges. Obamacare’s enrollment “underperformance,” if you want to call it that, could be traced to weaker month-on-month growth in largely populated markets like Washington and New York.”
Obamacare Consumers Avoiding Cheapest Health Plans 2/19/2014 on bloomberg.com @CarolineYLChen (Caroline Chen)
Surprisingly, most Americans are not just picking the cheapest health plans that they can get their hands on. In fact, many are taking advantage of subsidies, in order to get the most comprehensive plans that provide them with the protection they need. Chen reports that “Only 19 percent of enrollees chose the coverage with the cheapest premiums, called bronze, while 7 percent picked the most expensive…Mid-level silver plans drew 62 percent. The lower the plan level, the higher the out-of-pocket costs.”
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Federal Exchange image via Shutterstock