Rick Young Insurance’s Blog

So-called “copper plans” could save billions

Category: Our Blog

So-called “copper plans” could save billions by Caitlin Bronson | Aug 21, 2014 When so-called copper plans were proposed by some insurers and US senators last month, critics took up their mouthpieces to decry the plans as too expensive to sick consumers. However, a new analysis from Avalere Health reveals a silver lining: lower-tiered copper plans could actual … More

Walmart Enters the Health Care Market

Category: Our Blog

Walmart Enters the Health Care Market August 15, 2014 By January 2015, Walmart will be operating a dozen primary care clinics across the country. Writing for Forbes, Dan Diamond, managing editor of the Advisory Board’s Daily Briefing, explains that six clinics staffed with nurse practitioners are currently in operation in South Carolina and Texas. These … More

Risky Business: Will Taxpayers Bail Out Health Insurers?

Category: Our Blog

Risky Business: Will Taxpayers Bail Out Health Insurers? August 19, 2014 The Affordable Care Act imposes a number of requirements and restrictions on insurance companies, who stand to lose money if they enroll too many expensive people in their health plans. As such, the ACA established three mechanisms to handle insurers’ risks: risk adjustment, reinsurance … More

Obamacare Still Struggling A Year Later

Category: Our Blog
Tags:

Obamacare supporters labeled the Affordable Care Act a success after 8 million Americans had signed up for insurance at the end of March, but more than a few problems remain. In the latest edition of Reason Magazine, Peter Suderman delves into the problems still plaguing the health care law. If one looks beyond the number … More

Small firms struggle under Obamacare

Category: Our Blog
Tags:

Businesses with less than 50 employees are not subject to the Affordable Care Act’s employer mandate. But as Angus Loten of the Wall Street Journal reports, these small employers are still feeling the effects of the law. Thousands of very small business owners, such as sole proprietors, lost their small business health insurance plans in … More

Why Health Care Has Consolidated

Category: Our Blog

American health care is becoming more and more consolidated. Christopher Pope for the Heritage Foundation explains one reason why this has happened: Third party payment systems separate health care consumers from the real cost of their care. Hospitals can demand higher prices from insurers when they lack competitors in the area, so many hospitals have … More

$4.8 Billion Spent on Exchanges

Category: Our Blog

The federal government has spent $4.8 billion on federal and state health care exchanges, reports the Washington Free Beacon. A new report from the Congressional Research Service highlights government spending on the new Obamacare exchanges. The Affordable Care Act provided for “indefinite” funding of the exchanges, under the direction of the Secretary of Health and … More

Obamacare Verification Muddling Medicaid

Category: Our Blog

The Obama administration has hailed increased Medicaid enrollment as one of Obamacare’s successes, but many state officials say the numbers are faulty, write Josh Archambault, Director of Health Care Policy at the Pioneer Institute, and Nic Horton, research analyst at the Foundation for Government Accountability. Of the 6 million new enrollees in Medicaid, it is … More

Obamacare Increases Marginal Tax Rate on Labor by Six Percentage Points

Category: Our Blog

The Affordable Care Act (ACA) increases marginal tax rates on labor by 6 percent, making it one of the largest tax increases of the past seven decades, explains Andrew Lundeen of the Tax Foundation. Economist Casey Mulligan writes that the ACA represents the largest tax increase in a single piece of legislation. Mulligan is talking … More