Items tagged with ACA:
News & Updates:
Trump administration opens access to insurance outside Obamacare; Final TPP deal leaves out US rules; Business leaders confident in economy, but worried about the skills gap; Oil falls on US stockpiles.
House GOP warming to change that will help stabilize ObamaCare; U.S. jobless claims drop as job market strengthens; U.S. construction spending rises as private outlays reaches record high.
According to the Wall Street Journal, Idaho will allow insurers to offer state-based plans whose premiums are determined by their clients’ medical histories, a practice known as underwriting that is prohibited under Obamacare.
“I don’t see how this is reconciled with the basic ACA requirements,” said Faculty Affiliate Scott E. Harrington, a healthcare management professor at the University of Pennsylvania’s Wharton School.
Healthcare spending accounts for just under one-fifth of the US economy, amounting to an enormous $3.4 trillion in 2016 . Politicians from both sides of the aisle have tried their hand at passing cost containment measures to slow its growth, which has consistently outpaced GDP growth rates. With the passage of the Affordable Care Act in 2010, the Center for Medicare and Medicaid Services (CMS) attempted to cut costs by reshaping the way providers are paid to manage care. As a result, it began to recognize and reward a new hybrid structuring of providers: Accountable Care Organizations (ACOs). As ACOs become more popular under new payment schemes, it is essential to track their ability to reduce costs and improve quality. The Trump administration’s policy changes stand to shape not only providers’ care coordination, but also the trajectory of the healthcare industry.
Faculty Affiliate Atul Gupta’s study entitled “Estimating Effects of Public Insurance Expansion for Adults: Evidence from California Hospitals” asked what happens when people suddenly get access to insurance coverage.
Read more about the positive findings here: