5 results for search: Crain


News Briefing for Friday, April 10

HEALTHCARE: Obamacare spending leads to a higher budget deficit so far in 2015 “The Congressional Budget Office reported Wednesday that the federal government saw a higher budget deficit in the first half of fiscal year 2015 compared to 2014, and said higher spending due to Obamacare is part of the reason. CBO said the budget deficit was $430 billion in the first half of fiscal year 2015, a $17 billion increase. While there were several contributing factors to that increase, CBO said spending on Obamacare was a significant change from 2014 to 2015. First, CBO said Medicaid spending rose by $31 billion from October 1 through March 31 compared ...

News Briefing for Monday, December 22, 2014

HEALTHCARE: A Firsthand Account of What It's Like to Re-Enroll for Obamacare (State-Based Exchange) “What it's like to re-enroll in Obamacare - With that in mind, and with the Dec. 15 deadline to re-enroll and be covered by Jan. 1, 2015, bearing down on me this past weekend, I decided it was time to re-enroll myself for healthcare in my home state of Washington (a state-run exchange). Let me walk you through what it was like re-enrolling for health insurance on my end so you can get a better feel for what might be going right and wrong with the process as a whole. If I had to sum up my enrollment experience in just a few short words I would ...

News Briefing for Monday, September 8

Below are some of the news stories that we are reading today. HEALTHCARE: EDITORIAL: A court-packing payoff for Obamacare A U.S. appeals court saves health care law again “Whoever said cheaters never win never met a president with an unrestrained ambition to make big government bigger, and damn the Constitution. Three new judges of the U.S. Circuit Court of Appeals for the District of Columbia rode to the rescue of Obamacare on Thursday. The judges newly appointed by President Obama and confirmed by Democrats are in the new 7 to 4 majority, which reversed last month’s well-reasoned decision of a three-judge panel that said the ...

Medicaid Squeeze: Expansion Costing Chicago $67 Million More

Long before the implementation of Obamacare, red flags were being raised about serious financial repercussions states could face if they chose to expand Medicaid. Not only would a state have to absorb all new enrollees under expansion, but also deal with those from the woodwork effect – the massive influx of Medicaid-eligible residents who did not enroll until the implementation of the law. This combination could catch some states that did not financially prepare off guard, causing already-tight budgets to bleed even more. With nearly half the states deciding not to take the gamble, others like Illinois eagerly dove right in. Now they are reaping ...

Check the Fine Print: Healthcare Exchange Plans Cost Thousands More

Sticker shock strikes again. This time, those who were lured by low-priced premiums on the exchange are taking the hit. According to Sandra, an insurance agent in Tennessee, these attractive prices often come with fine print, which isn’t necessarily disclosed in the initial push for enrollment.   “I’ve noticed deceptive PR tactics in trying to sell Obamacare. For example, an ad tells how one can purchase a mid-tier plan for only $238 per month. What it does not tell is that mid-tier plans pay only 50-50 of the cost as opposed to the traditional 80-20 plans nor is there a co-pay to see the doctor. The networks are more limited, and ...