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UnitedHealthcare is kissing the Obamacare marketplace goodbye

UnitedHealthcare, with the exception of a few states, is exiting the Obamacare marketplace in 2017, the CEO announced Tuesday. The Hill has the details: The announcement, made by CEO Stephen Hemsley on an earnings call, follows up on the company’s statement in November that it was considering dropping out of ObamaCare due to financial losses. The moves by UnitedHealth, the nation’s largest health insurer, have drawn attention for what they could indicate about the sustainability of ObamaCare as a whole. The Obama administration has downplayed the importance of UnitedHealth, saying the insurer is a fairly small player in the marketplaces, ...

Local Coordinator Handbook Training Series Part 6

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Obamacare enrollees can kiss their tax refunds goodbye

This week brings more bad news for Obamacare enrollees. Remember all those promises about how the Affordable Care Act would save middle-class American families thousands of dollars a year and it wouldn’t impact our taxes? Yeah, we do too. The Associated Press reports[1] however, that a lot of Obamacare customers will be left without a tax refund for 2014, or may have to pay even more money to the government. Specifically, the change will hit the millions of enrollees receiving taxpayer-funded subsidies who misstated or miscalculated their earnings. If their 2014 income turns out to be higher than they estimated when they signed up for subsidies, ...

Goodbye Benefits. Hello Obamacare.

While the employer mandate isn’t set to kick in until 2014, businesses are already making preparations to comply with the new regulations. A new study reveals bleak trends for employees as businesses try to survive under Obamacare: “Some 31% of franchise businesses and 12% of non-franchise businesses say they have already reduced worker hours because of the law. About 27% of franchise businesses and 12% of non-franchise businesses have already replaced full-time workers with part-time employees because of the law. Some 41% of the non-franchise firms say they already see health-care costs rising because of the law.” Sadly, the very law that ...

Senator McConnell and Chairman Camp –Allies for Delay Effort or Soundbyte Sellers?

In the last week, two prominent Republicans have called for partial and complete Obamacare delays, respectively. On Monday, Senate Minority Leader Mitch McConnell (R-KY) called for the delay of the insurance exchanges created under Obamacare in a letter to the Centers for Medicare and Medicaid Services and a public statement. Last week, Ways & Means Committee Chairman Dave Camp (R-MI) called for a one-year delay of Obamacare. From the Senator’s statement, his concerns are that Americans’ security will be woefully inadequate under the exchanges as they currently exist: Senate Republican Leader Mitch McConnell, in a letter to the Centers for ...