North Shore LIJ’s health plan CareConnect has made the decision to close down operations as it is losing money. A major portion of this is related to the ongoing lack of clarity about the affordable care act (ObamaCare) and funding mechanisms.
How Is Health Care Reform Affecting the Federal Deficit?
Some analysts think it is helping reduce the deficit; but others wholeheartedly disagree. Has the Affordable Care Act actually cut Medicare spending? The numbers from the Congressional Budget Office make a pretty good argument for that, and suggest that the ACA has had a distinct hand in the recent drop in the federal deficit. Detractors of the ACA say that …
More evidence of ObamaCare failure- pending rate increases
As Affordable Care Act losses mount for insurers, the only question is which of two actions will they take? Some major players have all but left the market. The other alternative is passing on large rate increases. Blue Cross and Blue Shield of North Carolina has done just that this week, announcing a 19% increase for 2017, after they lost $280,000,000 …