ColoradoCare Part 4: “Health Price Discrimination in Colorado”

Whether Colorado voters decide to socialize healthcare financing in the state (ColoradoCare AKA Amendment 69) or maintain the current hybrid of public and private financing, the issue of discrimination in healthcare — and what to do about it — remains. Price discrimination in healthcare is real, and it’s measurable. My questions deal with what level of price discrimination is acceptable, what level is unethical, what level might be illegal, and what role, if any, should the government play? So … [Read more...]

ColoradoCare Part 3: “Why it will Fail”

Combine the technology rollout of the Affordable Care Act (ACA) website, the customer service of the Internal Revenue Service (IRS), the healthcare wait times of the VA hospitals, and the actuarial wizardry of the ACA-created healthcare co-ops and you get a picture of what some believe would happen to healthcare in Colorado if ColoradoCare (Amendment 69) were to pass. Healthcare in Colorado is expensive, and the requested rate increases in the individual marketplace are about to get even more … [Read more...]

No Health Insurance – IRS Shows Us How Penalty Is Calculated

If your like me ... you may have thought the IRS penalties imposed for not having health insurance under the new ACA federal healthcare rules simply utilized the greater of 1% or $95 calculation by applying 1% times adjusted gross income. This week, Ed Oleksiak, JD, Holmes Murphy's national compliance lead, walked our consulting teams through how the the IRS will apply the penalty.  So the 1% individual penalty is not just 1% times your  income.  You actually subtract a base amount which is the … [Read more...]