The nation’s largest health insurer, UnitedHealth Group Inc., is leaving California’s individual health insurance market, the second major company to exit in advance of major changes under Obamacare. UnitedHealth said it had notified state regulators that it would leave the state’s individual market at year-end and force about 8,000 customers to find new coverage. Last month, Aetna Inc. the nation’s third-largest health insurer, made a similar move affecting about 50,000 existing policyholders. Both companies will keep a major presence in California, focusing instead on large and small employers.
Posts Tagged ‘Obama care’
Applying for benefits under President Barack Obama’s health care overhaul could be as daunting as doing your taxes. The government’s draft application is now on the Internet.
It runs 15 pages for a three-person family. The online version has 21 steps, some with added questions. At least three major federal agencies, including the IRS, will scrutinize your application. That’s just the first part of the process, which lets you know if you qualify for financial help. You’d still have to pick a health plan option.
Some fear that consumers will be overwhelmed and give up.
For those that give up and do not have a plan, you are fined by the IRS.. Its in the plan. Bazinga
Maggie Wilderotter, chief executive officer at cable, Internet and phone provider Frontier Communications Corp. (FTR) says it’s her “fiduciary responsibility”to study ending medical benefits long provided by her company.“Frontier, like a lot of companies, is likely to at least consider dropping health-care benefits” in 2014, she said.
As President Barack Obama presses ahead with plans to broaden insurance coverage, many U.S. executives say his health-care law has them rethinking their options. Starting in 2014, the law’s $2,000 fine for not offering coverage appears to be far less than what most businesses pay for benefits.
New Season of Reason has companies dropping health care coverage for employees and retirees.
The U.S. Postal Service, on the brink of default on a second multibillion-dollar payment it can’t afford to pay, is sounding a new cautionary note that having squeezed out all the cost savings within its power, the mail agency’s viability now lies almost entirely with Congress.
In an interview, Postmaster General Patrick Donahoe said the mail agency will be forced to miss the $5.6 billion payment due to the Treasury on Sunday, its second default in as many months. Congress has left Washington until after the November elections, without approving a postal fix.
For more than a year, the Postal Service has been seeking legislation that would allow it to eliminate Saturday mail delivery and reduce its $5 billion annual payment for future retiree health benefits. Since the House failed to act, the post office says it’s been seeking to reassure anxious customers that service will not be disrupted, even with cash levels running perilously low.
Post office on life support looking to close on Saturdays. Obama Care checks in the mail.
In Illinois, a telemarketer recently sold an elderly woman a fraudulent health insurance plan that supposedly protected her against “death panels,” the state insurance director says.
In Alabama, a con artist has been offering “government health care reform” insurance over the phone in exchange for customers’ bank account numbers, according to the local Better Business Bureau.
And in Kansas, law enforcement authorities are investigating reports of people identifying themselves as government employees and taking payments for “Obamacare” insurance.
Con artists in several states are seizing on the public’s financial struggles and confusion about the recent health care overhaul, the authorities say. So far, the frauds appear to be relatively infrequent and are often no more sophisticated than spam fax messages with blatant misspellings and no company letterhead.
But they have generated warnings from state insurance departments and Kathleen Sebelius, the secretary of health and human services. The authorities say the elderly and the poor are especially vulnerable to the bogus plans, which have names like Obamacare and Obama Health Plan and promise affordable compliance with the new law. The fraudsters often impersonate insurance agents and government workers. Man that must hurt….
The “Pre-existing Condition for Children” portion of the health care bill, that Obama has been recently touting.. was forgotten… and not included in the new bill..
Full protection for children would not come until 2014, said Kate Cyrul, a spokeswoman for the Senate Health, Education, Labor and Pensions Committee, another panel that authored the legislation. That’s the same year when insurance companies could no longer deny coverage to any person on account of health problems. Obama’s public statements have conveyed the impression that the new protections for kids were more sweeping and straightforward.