Posts Tagged ‘health insurance premiums’

Infographic: Healthcare Premium Implications Under New Senate Tax Bill

November 29th, 2017 by Melanie Matthews

The U.S. Senate tax bill’s repeal of the individual health insurance mandate could lead to additional amounts in annual premium payments for 60-year-olds who buy their own coverage in 2019, according to a new analysis from The Commonwealth Fund.

A new infographic by The Commonwealth Fund provides a list of the 10 States where older adults would face the biggest dollar premium increase as a result of the Senate tax bill.

Trends Shaping the Healthcare Industry in 2018: A Strategic Planning SessionUncertainty regarding the future of the Affordable Care Act (ACA), combined with industry market forces, including consolidations and strategic partnerships, positioning for value-based healthcare, cost containment efforts, an emphasis on technology and efforts to understand and address the whole patient as part of population health management have been the key drivers in the healthcare industry this year.

With the efforts to repeal and replace the ACA now focused on the elimination of the cost-sharing reduction (CSR) payments to insurers and changes to regulations governing association health plans, short-term, limited-duration insurance and health reimbursement arrangements, the healthcare industry can put aside the uncertainty of this year and move forward with the market forces in play.

During Trends Shaping the Healthcare Industry in 2018: A Strategic Planning Session, a 60-minute webinar on December 7th, two industry thought leaders Cynthia Kilroy, principal at Cynthia Kilroy Consulting and Brian Sanderson, managing principal, healthcare services, Crowe Horwath, will provide a roadmap to the key issues, challenges and opportunities for healthcare organizations in 2018.

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Infographic: Trends in Employer-Sponsored Health Insurance

January 15th, 2016 by Melanie Matthews

Between 1999 and 2015, employer-sponsored health insurance premiums increased by 203 percent, outpacing both inflation and workers’ earnings. However, growth of premiums for family coverage slowed toward the end of that time period, from an average of 11 percent a year between 1999 and 2005, to 5 percent between 2005 and 2015, according to a new Visualizing Health Policy infographic by the Henry J. Kaiser Family Foundation.

The infographic also looks at the average annual premium for family coverage and how employers are responding to high-cost health plans.

Healthcare Trends & Forecasts in 2016: Performance Expectations for the Healthcare IndustryFrom cost pressures, consumerism and consolidation to a proliferation of patient-centered, value-based delivery and payment models, the state of healthcare continues to challenge organizations in the industry.

Healthcare Trends & Forecasts in 2016: Performance Expectations for the Healthcare Industry, HIN’s 12th annual business forecast, pins down the trends destined to impact the industry in the year to come and proposes tactics C-suite executives can employ to distinguish their operations in a dynamic marketplace.

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Infographic: Health Insurance Affordability Through ACA’s Marketplaces

October 1st, 2014 by Melanie Matthews

Sixty-one percent of adults paying health insurance premiums through the Affordable Care Act’s marketplaces are reporting they are somewhat or very easy to afford.

The Commonwealth Fund summarizes the experiences of health insurance marketplace customers in terms of affordability and plan satisfaction in a new infographic.

Physician Adoption of Health IT

Public Exchanges Data: Premium Analysis and Carrier Participation for 2014 As health plan operators last year were preparing to offer plans on the state-run and federally facilitated health insurance exchanges, they could only guess at the age and health of the population that would enroll, and they had no information about how their competitors would price their plans.

Now that open enrollment is over, Public Exchanges Data: Premium Analysis and Carrier Participation for 2014 takes a look at how it all played out. This report offers a highly detailed overview of where carriers participated, the types of products they offered and how their prices stacked up against their competitors.

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Infographic: Health Insurance Tax

December 19th, 2012 by Melanie Matthews

The ACA imposes a new $100 billion sales tax on health insurance that will add to the cost of coverage for people purchasing coverage on their own, small employers, Medicare Advantage beneficiaries, and Medicaid managed care programs. The Congressional Budget Office (CBO) has said that this tax will be “largely passed through to consumers in the form of higher premiums.” An analysis by Oliver Wyman estimates that this tax alone “will increase premiums in the insured market on average by 1.9 percent to 2.3 percent in 2014,” and by 2023 “will increase premiums 2.8 percent to 3.7 percent.”

An updated report by Oliver Wyman, “Annual Tax on Insurers Allocated by State,” estimates the impact this tax will have on individual market consumers, employers, and Medicare Advantage beneficiaries in all 50 states, as well as the impact on state Medicaid managed care programs. AHIP has released infographics detailing the specific impact the tax will have on each of the 50 states. Health Insurance Tax

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Majority of Americans Still Paying High Medical Costs Despite Recession

October 29th, 2012 by Cheryl Miller


The recession hasn’t impacted high medical cost burdens for a majority of Americans, according to a recent study from the Center for Studying Health System Change (HSC). Nearly one in five families spent at least 10 percent of their pre-tax family income on out-of-pocket health insurance premiums and medical care in 2009, roughly the same as 2006 despite widespread job losses, more uninsured, and declining incomes during the recession. Researchers attributed decreasing family income among the reasons for the lack of change.

CMS financial penalties haven’t impacted the rate of hospital-acquired infections (HAIs), according to a report from the Harvard Pilgrim Health Care Institute. The study included data on 398 hospitals from 41 states and found no evidence that 2008 CMS policies reducing Medicare payments to hospitals for HAIs had a positive impact. Instead, the study found that infection rates declined steadily throughout this period independent of penalties. Among the reasons cited in the report was the size of the financial incentives – they were very small and failed to spark reform.

Population health management strategies could have an impact on patient care, and healthcare costs, but physician practices need to put readiness plans together. Chief among the challenges to implementation are increased administrative burdens, cost, and time, but researchers stress that the short-term disruptions to patient care are worth the longer term benefits.

What might have an impact on our offices here on the Jersey coast is Hurricane Sandy, set to land right around the time this newsletter goes to press. So we’re in readiness mode, hoping that a boardwalk clogged with sand will be the only short-term disruption from the storm, but well worth the ocean viewing afterward.

Read all of these stories in their entirety in this week’s Healthcare Business Weekly Update.