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Expect Few Insurers to Participate in Health Exchanges
Greg ScandlenFrom time to time we have chronicled the various failures of the Affordable Care Act (aka ObamaCare), and they are many. First was the CLASS Act, which even the Obama administration said could not be implemented. Then there were the federal high-risk pools, and the small business tax credit, and the subsidy for employers ...
ObamaCare’s ‘Reinsurance Program’ Runs Out of Money
Greg ScandlenOn January 1 yet another ObamaCare provision crashed and burned: the “Early Retiree Reinsurance Program” (ERRP), a $5 billion giveaway to unions, state and municipal governments, and corporations. The idea was to encourage such entities to continue health benefits for early retirees (ages 55-64) until the wonders of ObamaCare ...
Will Mandatory Health Insurance Work?
Greg ScandlenThe latest fad among Republicans is enforcing personal responsibility by requiring individuals to buy health insurance. It was enshrined in the recent Massachusetts health reform law, proudly signed by Gov. Mitt Romney and endorsed by a number of conservative, and even libertarian, organizations. Sounds like a good solution ...
The Pitfalls of Mandating Health Insurance Coverage
Greg ScandlenMassachusetts is being celebrated in the press and in some health policy circles for being the first state to pass a law requiring all of its citizens to have health insurance coverage. However, this mandate will likely be more hype than help. The real impact of the Massachusetts law will be a major expansion of costly ...