Posted November, 10 2011 by arianne
Hooray for our tax dollars at work! Governor Cuomo announced yesterday that 11 of New York’s insurance plans would have to pay back $114.5 million to 573,748 New Yorkers who were overcharged for health insurance premiums based on a legal requirement that says that they have to spend at least 82 cents of every dollar on medical care versus […]
Posted November, 9 2011 by arianne
Photo courtesy of The Economic Times One of the consumer protections that President Obama cared about when designing the Affordable Care Act (ACA) was to require that all private health plans provide consumers with a short, easy-to-read Summary of Benefits and Coverage (SBC) form and a gossary so people can look up terms they don’t understand. As benign as this would seem, insurance lobbyists […]
Posted November, 8 2011 by arianne
Well. This is good news. Several news outlets are reporting that the Appeals Court for the District of Columbia Circuit has upheld a lower court ruling that had found it to be all fine and dandy and, more importantly, constitutional, to require Americans to buy health insurance or face a penalty (i.e. the “individual mandate” provision of the ACA). […]
Posted November, 4 2011 by arianne
Families USA (FUSA) has just come out with a series of reports to answer that age old question that has been on everyone’s mind since the words “Affordable Care Act” were first uttered: How much money is this actually going to save me? According to FUSA, the average New Yorker will be better off by about $1,160 by the […]