Tag: Affordable Care Act

State insurance regulators start approving rate hikes to cover Trump’s slashed subsidies

Nordstrom
trump health insurance regulators premiums rates

Officials in Maryland have already given their approval to the last minute increases, but others are following. Insurance regulators in many states are starting to look into last minute health plan rate increases to compensate for the elimination of Affordable Care Act subsidies. Michigan officials have warned that they are already looking into the increases that they are likely to approve. At the same time, Maryland insurance regulators have already given their approval to the rate hikes. These increases are a direct response to President Trump’s executive order that eliminated…

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Cancer insurance coverage rose significantly because of the Affordable Care Act

H. Cutner
cancer insurance coverage MRI

The controversial health care law nicknamed Obamacare has made a measureable difference in reducing uninsured adults. The number of adults who have cancer insurance coverage saw a striking increase with the implementation of the Affordable Care Act. Following Obamacare, a much higher number of Americans who had already received a cancer diagnosis now have health plans. It is yet unknown whether or not the latest health care reforms will continue this positive trend. This cancer insurance conclusion was presented in a study published in the JAMA Oncology journal. The study…

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Health insurance disclosure is required on tax returns to avoid I.R.S. rejection

G. Turner
health insurance disclosure tax penalty

The Internal Revenue Service announced its intentions to step up the enforcement of the ACA tax penalty. Even as President Trump works to dismantle the Affordable Care Act, the I.R.S. has taken steps to enforce health insurance disclosure on tax filings. The Internal Revenue Service revealed new regulations that will automatically reject digital filings in which insured status is not revealed. This latest announcement reveals an intention to strengthen components of former President Obama’s health care law. The Affordable Care Act already requires health insurance disclosure when taxes are filed.…

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GOP opposition to ACA subsidies suspends bipartisan health care agreement

Logan B.
aca subsidies - health care reform

Just after bipartisan senators released an eleventh hour effort to save medical coverage, it ground to a halt. A bipartisan effort to rescue the American health care system following President Donald Trump’s annihilation of the ACA subsidies has stalled. Though the agreement had been underway, hours later, it was suspended as the president sent mixed signals and Republicans either opposed it or failed to endorse it. The agreement was created due to a sense of urgency to recover after key payments to insurance companies were withdrawn. As President Trump was…

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Trump ends health care subsidies and places Congress under high pressure

Logan B.
Donald Trump health care subsidies - signing executive order

The President’s decision to cut off payments vital to making insurance plans affordable is creating turmoil. Before the start of the weekend, President Trump decided to singlehandedly eliminate the health care subsidies central to the Affordable Care Act. The move takes away money critical to making sure lower income Americans can afford the coverage they need. Trump’s decision was made to try to put pressure on Congress to repeal the ACA, despite many prior failures. The health care subsidies were added to President Obama’s reforms to protect consumers against the…

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Trump says health insurance executive order will offer “great, great” coverage

Marc
donald trump health insurance executive order

The President has promised Americans that their options will improve once he reduces policy restrictions. President Donald Trump says that once his health insurance executive order is signed, Americans will see more plan options. The order is designed to reduce restrictions for policy buying across state lines. The executive order will be signed likely this week, said Trump when speaking from the Oval Office. The specific details of the health insurance executive order have not yet been released. Trump said it was “very simple in one way, but intricate in…

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ACA birth control insurance requirement undermined by Trump administration

G. Turner
birth control insurance contraception pills

The White House has cut into regulations under the Affordable Care Act that employers cover certain women’s contraception. Right before the weekend, President Donald Trump’s administration cut into the Affordable Care Act’s requirements for birth control insurance from employer sponsored health plans. This step was taken as a follow-through with a promise Trump had made to his conservative Christian supporters during his campaign. The new rules will allow companies and nonprofits to register moral objections in order to receive an exemption. The updated birth control insurance regulations were issued by…

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