Nearly 11000 new people sign up for health insurance
“The burden of higher and higher health care costs has been shifted to the consumer, through higher deductibles, instead of the insurance companies”, says Dana Simpler, a doctor of internal medicine at Mercy Medical Center in Baltimore.
“… Because either we’re going to continually pay higher and higher taxes in order to support a system like that”, she explains, “or we’re going to see the reimbursements and the payments that the government makes to healthcare providers decreased, capped, [and/or] limited”.
In addition to the 1 million people who have signed up since enrollment opened on November 1, about 1.8 million customers have renewed their plans.
For 2016, the focus of much of the ACA discontent is less about increases in premium costs and more about reduction of available insurers.
January 31, 2016: Open Enrollment ends. People who do not have some form of health coverage after that date are subject to a tax penalty, which in 2016 will be the greater of $695 per adult, or 2.5 percent of adjusted household income.
Enrollment in Nevada’s program is 58,000, down from the 65,102 in May.
With procrastination being part of human nature, the final two weeks of enrollment to the Health Insurance Marketplace has been the busiest for the U.S. Department of Health and Human Services.
If you’ve purchased insurance through the federal marketplace it’s important to update your personal information on the healthcare.gov site each year even if you’re not making any changes to your coverage.
Make plans to attend the presentation on Thursday, December 17 to learn more about obtaining affordable health coverage. The increase in spending growth from 2013 was driven primarily by millions of new people with health insurance coverage because of the ACA, and by rapidly rising prescription drug costs.
The 6,737 people signed up in Wyoming do not include those who were automatically re-enrolled through Blue Cross Blue Shield of Wyoming insurance, Brosius said. “With more affordable options, they can invest money in other things like saving for their child’s education or buying a house”.
Slavitt said that “returning consumers can save about $600 in premiums” by coming back to HealthCare.gov to actively shop, as opposed to accepting automatic re-enrollment. “A lot of people look at that first, but the plan with the lowest premium may not be the best plan for you”.
He said past year 18,000 Oregonians who qualified for subsidies on their insurance did not take advantage of it. Of the approximately 107,000 Oregonians who enrolled through the website in 2015, more than 77,000 received a premium tax credit, averaging $199 per month.
The 2010 Affordable Care Act, widely known as Obamacare, requires virtually everyone to have health insurance.
In years past, the federal government has permitted a special enrollment period during tax time in the spring, however, that is not planned for 2016.
Earlier this year, the Obama administration offered uninsured people a reprieve if they missed the sign-up deadline for 2015 coverage, originally set at February 15.