Category: Affordable Care Act
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Watch out for these two latest online scams
Scams always require two components: the media and the message. CPAs are indoctrinated with specific education and are required to maintain an attitude of “professional skepticism”. As a result, I tend to be more likely to notice and document emerging dangerous trends. Based on this experience, I’ve covered online consumer finance scams1 in this blog for…
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How to cope with out-of-network medical providers
A friend asked a question about coverage with Highmark Blue Cross Blue Shield. This is not a carrier I run into often in the areas I work but it is a major insurance in the region. A description of Highmark Blue Cross plans and 2018 rates is published online. The question was what to do when…
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Chaos, ignorance, propaganda and fraud rule the tax reform effort
“Wouldn’t it be great to Repeal the very unfair and unpopular Individual Mandate in ObamaCare and use those savings for further tax cuts…for the Middle Class. The House and Senate should consider ASAP as the process of final approval moves along. Push Biggest Tax Cuts EVER,” There is so much wrong with this latest statement…
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The market for health insurance advice (revisited)
Yesterday a peer in a closed online business discussion group asked me about the viability of health insurance advice and this triggered a recount of my prior experience in this field and a reexamination of my conclusion on the topic. There is actually quite a history behind my conclusion that health insurance advice is not…
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Friday October 13 nightmare delivered by the president
Until now, The federal government provided financial help to working class people who earn too much to qualify for state Medicaid programs but earn too little to pay for the cost of health insurance. In this case the federal government pays 20% of the cost of coverage directly to insurers to cut premium costs. The president…
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Annotated Health Care Executive Order
This is an annotated copy of the executive order signed by president Trump October 12, 2017 likely affecting the markets for short term medical insurance, limited benefit medical insurance, association health plans, out-of-state insurance purchase, telemedicine and uninsured health plans (Health Savings Accounts, Health Reimbursement Arrangements, Flexible Spending Accounts, Section 125 cafeteria benefit plans. Portions of the executive order…
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The coming revolution in small business health plans
The most dramatic change in small business health plans is expected be introduced by the Trump administration later this week. By relying on executive branch power rather than congressional lawmaking, the administration can effectively revolutionize small business health plans. How is this possible? Isn’t health insurance controlled by state law? Yes but the biggest deterrent…
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Shocking Legislative Scam Proposed by Senators; Endorsed by President
Is is shocking and horrifying to read that 48 United States Republican Senators and the president of the United States have pledged their vote to a secret proposed legislative scam known as the ‘Graham-Cassidy bill’ that: They have not seen or read Is not available in written form for public review Can only be passed…
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Single payer health care on the rise
We see fresh indications that public and legislative support for a single payer health care system are on the rise. Bernie Sanders is one of a growing number in Congress who support the HR 676 “Medicare for All” bill this week. A long list of Democratic Congressional representatives co-sponsored the House bill. The president even took time…