Health Insurance Companies Seek Big Rate Increases for 2016 By Robert Pear The New York Times, July 3, 2015 Health insurance companies around the country are seeking rate increases of 20 percent to 40 percent or more, saying their new customers under the Affordable Care Act turned out to be sicker than expected. Federal officials […]
Beyond Statistics: The Economic Content of Risk Scores By Liran Einav, Amy Finkelstein, Raymond Kluender, and Paul Schrimpf National Bureau of Economic Research, June 2015, NBER Working Paper No. 21304 From the Conclusions Our objective in this paper was to highlight the fact that risk scores that are commonly used in credit and insurance markets […]
Novartis to test new pricing model with heart failure drug By Ben Hirschler Reuters, June 30, 2015 Novartis plans to test a novel pricing model with some customers when it launches its keenly awaited new heart failure drug Entresto, the Swiss company’s head of pharmaceuticals said on Tuesday. Entresto, also known as LCZ696, is the […]
Towers Watson merges with London-based consulting firm in $18 billion deal By Aaron Gregg The Washington Post, June 30, 2015 Towers Watson, the Arlington-based professional services company that operates a private health insurance exchange covering about 1.2 million people, announced an $18 billion all-stock merger with Willis Group Holdings, a London-based insurance and benefits firm. […]
‘Subsidies upheld, but health needs still unmet’: doctors group Physicians for a National Health Program, June 25, 2015 Although the Supreme Court has upheld the premium subsidies under the Affordable Care Act, the law remains incapable of remedying the U.S. health crisis, physician group says Physicians for a National Health Program, an organization of 19,000 […]
Justice Scalia, dissenting Supreme Court of the United States, No. 14-114, King v. Burwell (The following paragraphs are not in continuity in the dissent.) Faced with overwhelming confirmation that “Exchange established by the State” means what it looks like it means, the Court comes up with argument after feeble argument to support its contrary interpretation. […]
What should the consumer expect from marketplace competition? Business experts tell us that competition is the key to higher quality at lower cost. So what has competition between private health insurance plans brought us?
SUPREME COURT OF THE UNITED STATES KING ET AL. v. BURWELL, SECRETARY OF HEALTH AND HUMAN SERVICES, ET AL. No. 14–114. Argued March 4, 2015—Decided June 25, 2015 Congress passed the Affordable Care Act to improve health insurance markets, not to destroy them. If at all possible, we must interpret the Act in a way […]
Unauthorized Immigrants Prolong the Life of Medicare’s Trust Fund By Leah Zallman MD, MPH, Fernando A. Wilson PhD, James P. Stimpson PhD, Adriana Bearse MS, Lisa Arsenault PhD, Blessing Dube MPH, David Himmelstein MD, Steffie Woolhandler MD, MPH Journal of General Internal Medicine, June 18, 2015 Abstract Background and Objective Unauthorized immigrants seldom have access […]
Making the Economy Work for the Many and Not the Few #11: Medicare Isn’t the Problem; It’s the Solution By Robert Reich HuffPost Politics, June 22, 2015 Again and again the upcoming election you’ll hear conservatives claim that Medicare — the health insurance program for America’s seniors — is running out of money and must […]
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