The just-released Senate bill, the Better Care Reconciliation Act (BCRA), is very bad news for older adults. The bill would reduce financial assistance (premium tax credits and cost-sharing subsidies) and change rules on how much premiums can vary by age (age rating). As a result, people ages 50 to 64 would have to pay thousands of dollars more in premiums to buy health insurance in the individual (nongroup) market.
Stability Fund Won’t Keep Premiums From Going Through the Roof for People With Preexisting Conditions
The American Health Care Act (AHCA), H.R.1628, allows states to create high-risk pools for people with preexisting health conditions under certain circumstances. High-risk pools are supposed to provide access to health insurance for people who cannot get coverage in the individual (non-group) health insurance market. In a previous analysis, we noted that states have never funded high-risk pools adequately. The result: A small number of consumers paid very high premiums for skimpy coverage. Many others went without health insurance because they could not afford it.
People with health insurance through large employers may assume the outcome of the current health debate won’t affect them. But it can. To start, yesterday the Congressional Budget Office (CBO) estimated that 3 million people would lose employer-based insurance coverage as a result of changes proposed in the American Health Care Act (AHCA). But the bill’s harmful effects would reach far beyond those 3 million people; in fact, virtually everyone is vulnerable. Here’s how:
The revised American Health Care Act (AHCA) threatens to do away with the Affordable Care Act’s (ACA) protections for people with preexisting health conditions. These protections prevent insurance companies from denying these individuals coverage or charging them higher rates based on their health.
Black History Month is celebrated throughout February to honor many mission-driven individuals who made or are making lasting contributions to the United States.
One of the main reasons that the mortality rate for African Americans remains disparately high for heart disease, cancer, stroke and diabetes is because we too often delay going to the doctor for symptoms or regular checkups. By the time we go, the health condition is sometimes worse.
AARP encourages Americans to review their health insurance options during the Affordable Care Act (ACA) open enrollment period that started Sunday. Open enrollment (from Nov. 1 to Jan. 31) is an important opportunity for consumers to find a plan that could save them more money, offer better services, or include more of their doctors.
It’s that time of year again: Medicare Open Enrollment. Open enrollment is the one time of year when you can re-evaluate your Medicare health and prescription drug plans and switch to ones that offer better coverage or save you money. By now you should have received your Annual Notice of Change packet of information in the mail. It’s very important to take the time to sit down and review this information to see if you want to make any changes for the upcoming year.
Whenever I buy something electronic, whether a new smartphone, TV, laptop or whatever, I typically receive a hard pitch to buy an extended warranty on the product. I generally opt not to, but is that the right choice? To answer that question, there is both an economic and a psychological way to look at it.
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