Bail Out or Bailout?

“Bail out” means to jump from an airplane. Lately, we’ve been hearing a lot about it…especially when it comes to health insurance. Does it really mean that Congress intends to throw insurance companies out of an airplane? They might want to, but the current use of the term I’m focusing on is health insurance “bailout,” and it has nothing to do with air travel. The Affordable Care Act (ACA or Obamacare) created two subsidies for low income people purchasing individual health insurance … [Read more...]

Good News: Employers Don’t Need 51 Votes to Manage Their Health Plans!

I think we’ve all been watching the news unfold lately…and if you haven’t been, you no doubt have heard about the “little” thing going on with healthcare. You know…the one that involves the Affordable Care Act (ACA or Obamacare, as some affectionately call it)…and impacts nearly everyone. If not, let me get you up to speed. The GOP (Republican party) controls the House, the Senate, and the Presidency. First order of business was to replace the ACA. However, they needed 60 votes in the Senate to … [Read more...]

What About Obamacaid?

Public opinion regarding the Affordable Care Act (ACA), or Obamacare, runs hot or cold based largely on political party alignment. The reality is the vast majority of Americans have had no significant interaction with Obamacare. I believe most Americans are largely confused regarding what Obamacare is and isn’t. The recent Republican-failed effort to repeal and replace Obamacare, and the subsequent town hall protests, strengthen my belief in the confusion. Part of the confusion comes from … [Read more...]

What About Obamacaid?

Public opinion regarding the Affordable Care Act (ACA), or Obamacare, runs hot or cold based largely on political party alignment. The reality is the vast majority of Americans have had no significant interaction with Obamacare. I believe most Americans are largely confused regarding what Obamacare is and isn’t. The recent Republican-failed effort to repeal and replace Obamacare, and the subsequent town hall protests, strengthen my belief in the confusion. Part of the confusion comes from … [Read more...]

R-words are All the Rage

It all started when Republicans got elected on a Repeal & Replace platform. When getting Rid of Obamacare became Rancorous, the Reaction of some was to embrace Reconciliation and Repair. Then the Russians Redirected the Repartee. Regardless, the Race to Remove Obamacare Remains on course. Right-wingers are suffering Ridicule at Rallies and town halls, but Retreat isn’t an option, especially as tax Reform is next on their list. Remember to get some R&R and keep your Rolaids handy…there’s … [Read more...]

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...]