Individual Mandate Repeal Could Spur Interest in Short-Term Plans

One of the likely consequences of the repeal of the Affordable Care Act individual mandate under the tax overhaul that President Trump signed into law right before Christmas is a migration to short-term health plans.

These plans are essentially low-cost, low-coverage plans that do not comply with the ACA’s protections and benefits. They are not your typical health insurance plans, as they are only really good for catastrophic coverage and do not cover run-of-the-mill medical procedures like doctors’ visits and the cost of medications.Read More

Senate Works to Save CSR Payments, but Too Late for 2018

The Affordable Care Act requires insurers to reduce cost sharing (deductibles and copays) in silver-level plans for marketplace enrollees with incomes below 250% of the federal poverty line. Until now, insurers have relied on offsetting payments from the federal government to provide this feature.

These payments amounted to $7 billion for fiscal year 2017, $10 billion for 2018 and will reach $16 billion by 2027.Read More

Is the Cartel controlling your plans Prescription cost?

In the 70’s & 80’s, Pablo Escobar was the most powerful drug lord and the leader of the Medellin Cartel. He was earning as much as 420 million a week! His trade flourished so much that he was smuggling nearly 15 tons of cocaine every day. Some would ask how one person could become this powerful and so rich without being stopped. It was quite simple: eliminate competition, get the support of the people, and become a politician. If you didn’t go along with it, then he would kill you.Read More