Toby Cosgrove, Cleveland Clinic CEO, discusses the impact of the Affordable Care Act on patients, including what they will pay and the strain on the nation's Medicare and Medicaid systems. And Aetna CEO Mark Bertolini, weighs in.» Read More
PHILADELPHIA, May 20, 2014-- Independence Blue Cross announced today that as of April 30, 2014, more than 165,000 individuals in southeastern Pennsylvania purchased the insurer's coverage through the Pennsylvania federal Marketplace or directly through the company during the first open enrollment under the Affordable Care Act. Of the more than 165,000 individuals enrolled in Independence's new health plans that meet the requirements of the ACA, 80 percent enrolled through the federal Marketplace, healthcare.gov.
Despite an estimated $8- $10 million negative revenue impact from severe weather and Medicare reimbursement cuts, Adjusted EBITDA increased 8.2%, from $25.6 million in the first quarter of 2013 to $27.7 in the first quarter of 2014 Implementation from the previously announced $30 million cost savings initiatives enhanced operating margins Same-center revenue from centers not impacted by the east coast extreme weather conditions increased 4.2% from last year's first quarter Procedural volumes are benefitting from the over 8 million enrollees in state and privately managed health insurance exchanges, including over 1.4 million enrollees in California Completed the refinancing of its junior debt capital during the quarter, yielding over $5 million of annual interest cost savings, increasing financial flexibility and extending maturities Ignoring the loss from debt extinguishment associated with the refinancing, RadNet narrowed its net loss by approximately $300 thousand as compared to the first quarter of 2013 Recognized approximately $1.8 million in Meaningful Use incentives from the implementation of its Information Technology solutions; RadNet expects to recognize up to an additional $6 million of these incentives over the next three years Updated 2014 guidance levels, increasing Adjusted EBITDA, lowering cash interest expense and increasing free cash flow levels.
WASHINGTON, May 1- The Obama administration on Thursday predicted stable health insurance costs for consumers who have purchased Obamacare plans, defying critics who warn that President Barack Obama's landmark healthcare law will lead to skyrocketing premiums.
The total includes 8 million people who selected private plans through state and federal insurance marketplaces and another 4.8 million who enrolled in the Medicaid and Children's Health Insurance Program, two government programs that serve lower income Americans.
WASHINGTON, April 30- As the U.S. economy teetered on the brink of contraction in the first quarter, one thing stood out. "GDP growth would have... been negative were it not for healthcare spending," said Harm Bandholz, chief economist at UniCredit Research in New York.
WASHINGTON, April 22- The Obama administration on Tuesday announced the departure of the top health official responsible for reforming Medicare under President Barack Obama's healthcare reform law.
According to a Gallup poll, Obamacare helped 10 million Americans to get new health insurance, making the percentage of insured people plummet.
The effects of Obamacare will be difficult to measure as the Census Bureau is changing its annual survey. NYT reports.
*Fiscal year 2014 deficit estimated to fall to $492 billion. WASHINGTON, April 14- Health insurance subsidies under the Affordable Care Act will cost slightly less than previously thought, helping to slow down the forecast growth of U.S. deficits over the next decade, the Congressional Budget Office said on Monday.
"But by strategically allocating the Medicaid funds and working with New York State, healthcare providers can create incentives and payment methodologies that will improve the way quality healthcare is delivered to some of our most vulnerable populations."
A massive dump of data about Medicare reimbursements to physicians raised eyebrows for the millions paid to some doctors, but the data aren't perfect.
WASHINGTON, April 10- More than 7.5 million people are expected to sign up for private health coverage this year under President Barack Obama's healthcare law, the top U.S. health official said on Thursday.
April 8- U.S. health insurers said on Tuesday they still expected cuts in government reimbursements for privately managed Medicare health plans for the elderly next year even after the Obama administration rolled back the steepest reductions.
April 8- The Obama administration's announcement on Monday that it would roll back proposed cuts to privately managed Medicare plans is a positive for insurers because the final plan is "less worse" than the one proposed, Wall Street analysts said on Tuesday.
The Centers for Medicare and Medicaid Services said that on average, reimbursement for such Medicare Advantage plans in 2015 would rise 0.4 percent, reversing what is said was a 1.9 percent average reduction proposed in February.
WASHINGTON, April 3- The Obama administration announced on Thursday that same-sex married couples can qualify for Medicare hospital and physician benefits for the first time.
The research shows prescription claims for Medicaid patients increased in January by 10 percent and in February by 14 percent over the same periods last year.
WASHINGTON, April 1- President Barack Obama's national healthcare program was on track to reach its goal of covering 7 million Americans, administration officials said on Tuesday, a victory for the White House after a months-long, glitch-filled rollout.
WASHINGTON, April 1- The initial enrollment period for President Barack Obama's healthcare plan ended with the program on track to achieve its original goal to provide coverage to 7 million Americans, administration officials said on Tuesday.
WASHINGTON, March 31- The federal website for U.S. consumers to enroll in private health insurance under Obamacare ran into problems twice on Monday because of a surge of people trying to access the site hours before a midnight deadline to sign up for coverage.