Internal cost estimates from 17 of the nation's largest insurance companies indicate that health insurance premiums will grow an average of 100 percent under Obamacare, and that some will soar more than 400 percent, crushing the administration's goal of affordability. New regulations, policies, taxes, fees and mandates are the reason for the unexpected "rate shock," according to the House Energy and Commerce Committee, which released a report Monday based on internal documents provided by the insurance companies. The 17 companies include Aetna, Blue Cross Blue Shield and Kaiser Foundation.
The report found that individuals will face "premium increases of nearly 100 percent on average, with potential highs eclipsing 400 percent. Meanwhile, small businesses can expect average premium increases in the small group market of up to 50 percent, with potential highs over 100 percent."
One company said that new participants in the individual market could see a premium increase of 413 percent when new requirements on age rating and required benefits are taken into account, said the report. "The average yearly cost for a new customer in the individual market grows from $1,896 to $3,708 -- a $1,812 cost increase," it added.
The key reasons for the surge in premiums include providing wider services than people are now paying for and adding less healthy people to the rolls of insured, said the report.
It concluded: "Despite promises that the law will lower costs, [Obamacare] will in fact cause the premiums of many Americans to spike substantially. The broken promises are numerous, and the empirical data reveal that many Americans, from recent college graduates to older adults, will not be able to afford the law's higher costs http://washingtonexaminer.com/insurers-predict-100-400-obamacare-rate-explosion/article/2529523
one of the biggest whitewashings next to SS and welfare.....
just a different paintbrush.....the government doesn't purchase a hammer on sale....your healthcare will put a price on your head according to your age/co-morbidities/choices/compliance/job risks etc.....think not otherwise,,,it's already happening....
AS YOU AGE...YOU WILL BE DISCOUNTED UP TO 75% OFF.....the taxpayers will demand it....and we will argue about the worth of our neighbors....just what the government/UN are laying rails for....the freight train that will be sent down those tracks will KILL us....
well said senders..............and so true! The elderly or those considered a health care risk will be valued no differently than an aborted baby.....TRUE!!! The 'informed' folks knew this was coming back in the 70's when abortion was made legal!!!
But hey....the sheople are all good NAZI'S.....no different than the other.....all like minded.....so it must be 'ok'!!!
when man sets the standards............................
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
HAHAHAHA....the other side of the pendulum....but still the same pendulum....
Quoted Text
Franken aims at reform of credit-rating system Clare Kim, @clarehkim 12:20 AM on 05/14/2013 Twitter60 Facebook252 9
What is Democratic Sen. Al Franken’s big idea to clean up the credit rating system? Transparency. Franken, a junior senator from Minnesota, criticizes the Securities and Exchange Commission’s inaction on a 2010 amendment he sponsored that would have eliminated conflicts of interest in the credit-rating business model. “Our financial system is kind of rigged,” Franken said in his first prime-time interview Monday with The Last Word with Lawrence O’Donnell. Franken wants to institute an independent board made up of investors, financial analysts and bankers who would determine rating criteria, instead of the ratings firms. “They made a lot of money, but Americans lost trillions of dollars, they lost their homes, lost their businesses, they lost their pension savings, they lost their jobs,” Franken said of the failure of the ratings process that contributed to the financial collapse of 2008. “Minnesotans lost their jobs because the credit rating agencies didn’t do the only job they’re supposed to have, the only job they had, which is to give accurate, objective ratings to financial products,” he said. The current system also allows Wall Street firms to choose—and then pay—the credit ratings agency that will award them the highest rating, an inherent problem that Franken seeks to eradicate. Since Franken’s proposed measure to the Wall Street reform act of 2010, very little has changed, and an SEC report has proposed more discussion, rather than an overhaul. A round-table hearing will be held Tuesday to discuss the credit-rating agencies’ business model with representatives from the financial services industry, analysts, and investors. Skeptics of the proposed independent board have warned that rating agencies will in turn become a government-endorsed ratings assignment board, leading the to further bureaucracy. But Franken argues that eliminating problematic relationships through an independent board would address the conflicts of interest, heighten transparency, and clean up the credit rating system. “It all goes back to this conflict of interest. It would be like a figure skater bribing the judges and they’re all giving 10′s,” Franken said.
picking one warlord over another....HAHAHAHAHAHAHA.....BECAUSE CASH WILL DISAPPEAR ALONG WITH FREEDOM...UNLESS BARTERING TAKES OVER WITH GOLD.....virtual rated XBOX 360-like credits.....all based on your country's rated value....
READY, SET......GET TRACKED AND TAXED.....all the while being sung a nursery rhyme that mom's gonna buy you a mocking bird..
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
The Affordable Care Act has returned more than $1 billion in premiums to consumers in the form of insurance rebates. The health care law requires insurance companies to spend at least 80 percent of subscriber dollars on medical care. If they spend less than that, the difference must be made up in a rebate to insurance subscribers. In 2011, the year that provision went into effect, health insurers sent out $1.1 billion in rebates to 12.8 million American households. They averaged $151 per household, with Vermont seeing the highest rebates (their average check was $807 in the individual market). Using the numbers from the Commonwealth Fund above, that would work out to a 1 percent decrease in premiums for the average family.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
The Affordable Care Act has returned more than $1 billion in premiums to consumers in the form of insurance rebates. The health care law requires insurance companies to spend at least 80 percent of subscriber dollars on medical care. If they spend less than that, the difference must be made up in a rebate to insurance subscribers. In 2011, the year that provision went into effect, health insurers sent out $1.1 billion in rebates to 12.8 million American households. They averaged $151 per household, with Vermont seeing the highest rebates (their average check was $807 in the individual market). Using the numbers from the Commonwealth Fund above, that would work out to a 1 percent decrease in premiums for the average family.
NO REBATE WITHOUT COMPLIANCE AND OUTCOMES....get it?....they pay you to be compliant...a person should still have a right to say NO....
if you say no then no rebate for you....get it yet?
HealthWatcher automates sending those easy-to-forget reminders to your patients with medical advice and health care best practices
Providing sound health maintenance means including a full array of counseling, screening, and other preventive services designed to minimize the risk of premature sickness and death and to assure optimal physical, mental, and emotional health throughout the natural lifecycle. Today's leading EHR systems offer a wide variety of electronic health record (eHealth or EHR) features to optimize workflow and patient safety. For example, screening tests and physician counseling are important tools for identifying common yet potentially serious injuries, illnesses and diseases that can be prevented or cured with early intervention.
EHR Helps Obtain Successful Health Compliance Outcomes
EHR (eHealth) provides you the tools for successful management of patient populations, conditions, and preventive health routines ensuring patient compliance and preventive care. The HealthWatcher tool allows for customized profiles and protocols to ensure your practice complies with best practices and your patients adhere to your medical advice.
eHealth Maintenance Tailored to Your Practice Needs
With ADP AdvancedMD EHR, you can tailor your health maintenance solution to fit the unique needs of different groups of patients. For example, you can customize health maintenance information by diagnosis or by payer to accommodate carrier guidelines. Find out how ADP AdvancedMD can help your support staff quickly identify and reach out to patients who are due for tests or procedures.
Utilize Continuity of Care Protocols for Better Safety, Health Maintenance & Compliance Our HealthWatcher (eHealth maintenance) module is part of our EHR and is a tool that helps the practice and provider follow continuity of care protocols. We support care plans, guidelines and protocols for the management of specific conditions based on factors such as age, sex, diagnosis and lab result values.
Benefits of HealthWatcher Maintenance in the EHR Generates alerts for appointment recall, prescription refills and laboratory orders Protocols can contain one or a series of tasks, renewable based on user-defined intervals Health maintenance protocols can be assigned to an individual or group of patients
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
ACA Compliance Timeline for Employers Track Affordable Care Act guidance, deadlines, changes and updates as they happen. Understand the impact of key requirements on your business. Gain insight and perspective from experts on the front lines of Health Care Reform and its implementation. Get started
ACA Compliance Timeline: Medical Loss Ratio Rebates Dependent Coverage Summary of Benefits & Coverage Patient-Centered Outcomes Research Fee Additional Requirements Flexible Spending Account Annual Limit Medicare Tax on Wages & Unearned Income Form W-2 Reporting Employee Notice of Exchange Additional Requirements Annual Dollar Limits, Waiting Periods & Pre-existing Conditions Employer Shared Responsibility Wellness Incentives Automatic Enrollment & Nondiscrimination Additional Requirements Excise Tax on High-Cost Plans
Medical Loss Ratio Rebates Dependent Coverage Summary of Benefits & Coverage Patient-Centered Outcomes Research Fee Additional Requirements Flexible Spending Account Annual Limit Medicare Tax on Wages & Unearned Income Form W-2 Reporting Employee Notice of Exchange Additional Requirements ‹ Back to Overview Annual Dollar Limits, Waiting Periods & Pre-existing Conditions Employer Shared Responsibility Wellness Incentives Automatic Enrollment & Nondiscrimination Additional Requirements Stay Informed Excise Tax on High-Cost Plans “Play or Pay” Employer Shared Responsibility
January 1, 2014 What is the requirement?
Employers with 50 or more full-time employees plus full-time equivalent employees, must offer affordable, minimum essential coverage of minimum value or potentially be subject to tax penalties.
What's the impact on your business?
The Employer Shared Responsibility requirement will affect Employer Taxes and Fees.
How ADP can help
ADP’s Human Capital Management solutions help:
Manage Shared Responsibility requirements through an integrated approach to workforce planning and administration, including benefits, payroll, reporting and reconciliation, and time and labor management Mitigate risk related to cost of benefits and employee burden levels Aid compliance regardless of company size Reduce practitioners’ administrative burden in determining wage levels Learn more about our Affordable Care Act solutions for businesses like yours.
Related Information
“Affordable Care Act (ACA) Update Series: Which Employers are Subject to the Share Responsibility Provisions?” – From Eye on Washington
“Mitigate Your Exposure to ACA ‘Shared Responsibility’ Penalties” – From ADP Research Institute: “Planning for Health Care Reform: How Income Impacts Employee Health Benefits Participation”
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
nano technology will make sure...so will your employer with bio-info....
you still haven't connected the dots or your faith in your government religion is such that logical outcomes don't make sense to you
I think Senders must post stoned
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Medical Loss Ratio Rebates Dependent Coverage Summary of Benefits & Coverage Patient-Centered Outcomes Research Fee Additional Requirements Flexible Spending Account Annual Limit Medicare Tax on Wages & Unearned Income Form W-2 Reporting Employee Notice of Exchange Additional Requirements Annual Dollar Limits, Waiting Periods & Pre-existing Conditions Employer Shared Responsibility Wellness Incentives Automatic Enrollment & Nondiscrimination Additional Requirements ‹ Back to Overview Excise Tax on High-Cost Plans Stay Informed Excise Tax on High-Cost Plans (“Cadillac Tax”)
2018 What is the requirement?
If group health coverage exceeds certain thresholds, the employer will be subject to a 40% Excise Tax on the cost of benefits exceeding the applicable cost limits. The anticipated cost limits for 2018 are $10,200 for individual coverage and $27,500 for family coverage.
What's the impact on your business?
The “Cadillac Tax” will affect your Employer Taxes and Fees.
How ADP can help
ADP’s Human Capital Management solutions help:
Determine if and how the Excise Tax will affect your business Aid compliance with Excise Tax requirements Learn more about our Affordable Care Act solutions for businesses like yours.
Related Information
“Costs and the HR Compliance Burden are Going Up for Employer-Sponsored Healthcare” – From ADP Research Institute: “HR Compliance: Are Employers Ready for Health Care Reform?”
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
Medical Loss Ratio Rebates Dependent Coverage Summary of Benefits & Coverage Patient-Centered Outcomes Research Fee Additional Requirements ‹ Back to Overview Flexible Spending Account Annual Limit Medicare Tax on Wages & Unearned Income Form W-2 Reporting Employee Notice of Exchange Additional Requirements Stay Informed Annual Dollar Limits, Waiting Periods & Pre-existing Conditions Employer Shared Responsibility Wellness Incentives Automatic Enrollment & Nondiscrimination Additional Requirements Excise Tax on High-Cost Plans Flexible Spending Account (FSA) Annual Limit
January 1, 2013 What is the requirement?
For plan years beginning on or after January 1, 2013, a $2,500 limit applies to employee healthcare FSA contributions.
What's the impact on your business?
The FSA annual limit will affect Benefits Administration within your organization.
How ADP can help
While in most cases the deadline to begin implementing this requirement has passed, the FSA annual limit will be an ongoing compliance challenge for employers. ADP’s Human Capital Management solutions help:
Aid compliance with FSA requirements Reduce administrative burden of communicating FSA limits to employees Boost employee engagement by improving communication and increasing participation Reduce benefits costs via consumer-driven or high-deductible health plans, while consolidating multiple spending accounts vendors Learn more about our Affordable Care Act solutions for businesses like yours.
Related Information
“IRS Releases New Guidance on Form W-2 Reporting of the Cost of Group Health Coverage” – From Eye on Washington
“Employee Benefits Communications: There’s Room for Improvement” – From ADP Research Institute: “Healthcare Programs: Employee Benefits Selection Can Be Made Easier Through Technology”
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
Employers that issued 250 or more Forms W-2 in calendar year 2011 must include the cost of group health coverage provided to employees on Form W-2 beginning with the 2012 tax year, which were provided to employees in January 2013. Employers must also confirm payroll systems are set up to track and include this figure on Forms W-2 when printed. One entry will show total costs for BOTH employee and employer contributions.
What's the impact on your business?
The Form W-2 Reporting requirement will affect your Payroll and Income Taxes.
How ADP can help
ADP’s Human Capital Management solutions help:
Increase compliance with Form W-2 requirements Reduce risk of penalties for incorrect Forms W-2 (i.e., $50 per) Reduce administrative burden of year-end payroll processing and validation Engage your most important asset—your people—via access to Employee & HR Service Center Learn more about our Affordable Care Act solutions for businesses like yours.
Related Information
“Health Care Reform: Addressing HR Compliance Challenges Requires an Integrated Approach” – From ADP Research Institute: “Employer Challenges Go Beyond Health Care Reform”
Webinar: Health Care Reform: Strategies to Help Control Costs, Mitigate Risk & Decrease Penalties
YOU HAVE NO CHOICE....NO CHOICE....NO CHOICE....NO CHOICE.....NO CHOICE........indentured servitude and smile while at it
feel like f'en cattle yet...???
you cease to be a single important human...you are a COG....nothing more than a clump of cells
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
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