Health Care

Commentary

Counting Up ObamaCare’s Health Cost Inflation

It’s time to add yet another study to the growing list of research showing that ObamaCare isn’t delivering on its grand promises. In the July issue of the journal Health Affairs, Medicare’s actuaries released new estimates of the rate of growth of national health costs. Surprise, surprise — they’re projected ...
Commentary

Political control unhelpful

Faced with spiraling statewide health costs, Massachusetts passed a law in 2008 mandating the state’s attorney general to issue annual reports with recommendations on how to keep a lid on spending. On June 22, Martha Coakley released her latest report, which recommended that the state impose price controls on medical ...
Commentary

Why Don’t Health Insurance Exchanges Work?

A previous entry reported and discussed the lackluster — basically non-existent — results of the Utah Health Exchange, and promised to explain why unsubsidized exchanges are unlikely to attract significant numbers of beneficiaries from the small-group market. The answer, I believe, is pretty straightforward: The administrative costs of operating an ...
Commentary

Senior Citizens Will Pay Dearly For Health Care Price Controls

Squabbles over spending cuts have ruled the negotiations over increasing the debt ceiling. But even after the ink is dry on the budget deal just passed, lawmakers will still be charged with reducing federal spending further. One proposal that refuses to die would impose price controls on prescription drugs in ...
Health Care

Why Health Exchanges Don’t Work

Key Points: The Utah Health Exchange is failing to meet its goals. It is almost certainly true that the administrative costs of operating an exchange are greater than the administrative costs of the traditional small-group market. Any exchange that offers unsubsidized, voluntary coverage will likely have the same poor results ...
Commentary

How ObamaCare Threatens Solvency Of Health Insurers

One of the most remarkable outcomes of ObamaCare is how the stock market has treated commercial health plans, which have rallied significantly. In the two years between the 2008 and 2010 elections, the Morgan Stanley Healthcare Payors’ Index rallied 26% (annualized), vs. only 9% for the S&P 500. Outperformance increased ...
Commentary

Obamacare threatens solvency of Colorado health plans

Obamacare encourages state politicians to increase their interference with health-insurance premiums. In 2008 Colorado passed a law giving the Division of Insurance the power to deny premium hikes. To enhance this power, known as “prior approval,” Obamacare gave Colorado a $1 million grant last year to hire more insurance analysts ...
Health Care

Why the Utah Health Exchange is No Model for Health Reform

The Utah Health Exchange is the model some conservatives believe can be used to push back against Obamacare. Witness the Wall Street Journal (July 16) soundly rejecting regulatory guidance on what the Administration is now calling “Affordable Insurance Exchanges,” but encouraging governors to get on the exchange bandwagon, in the ...
Commentary

80% of Employers Concerned About Health Reform’s Administrative Obligations; 30% Think Exchanges Will Offer Worse Coverage

A new survey by Lockton, Inc.’s Health Reform Advisory Practice reports that 80 percent of respondents are concerned about federal health reform’s additional administrative obligations (figure 2). The respondents cover a wide portfolio of industries. On the surface, it looks like fewer employers than anticipated by previous surveys (especially McKinsey ...
Commentary

ObamaCare’s Imposition Will Lead To An Unhealthy State Of Wellbeing

The federal government has produced yet another study stating the obvious about health care — that having insurance coverage is better than not having it. Yet some wonks are hailing this report from the National Bureau of Economic Research (NBER) as “the most important health-care policy experiment since the 1970s.” ...
Commentary

Counting Up ObamaCare’s Health Cost Inflation

It’s time to add yet another study to the growing list of research showing that ObamaCare isn’t delivering on its grand promises. In the July issue of the journal Health Affairs, Medicare’s actuaries released new estimates of the rate of growth of national health costs. Surprise, surprise — they’re projected ...
Commentary

Political control unhelpful

Faced with spiraling statewide health costs, Massachusetts passed a law in 2008 mandating the state’s attorney general to issue annual reports with recommendations on how to keep a lid on spending. On June 22, Martha Coakley released her latest report, which recommended that the state impose price controls on medical ...
Commentary

Why Don’t Health Insurance Exchanges Work?

A previous entry reported and discussed the lackluster — basically non-existent — results of the Utah Health Exchange, and promised to explain why unsubsidized exchanges are unlikely to attract significant numbers of beneficiaries from the small-group market. The answer, I believe, is pretty straightforward: The administrative costs of operating an ...
Commentary

Senior Citizens Will Pay Dearly For Health Care Price Controls

Squabbles over spending cuts have ruled the negotiations over increasing the debt ceiling. But even after the ink is dry on the budget deal just passed, lawmakers will still be charged with reducing federal spending further. One proposal that refuses to die would impose price controls on prescription drugs in ...
Health Care

Why Health Exchanges Don’t Work

Key Points: The Utah Health Exchange is failing to meet its goals. It is almost certainly true that the administrative costs of operating an exchange are greater than the administrative costs of the traditional small-group market. Any exchange that offers unsubsidized, voluntary coverage will likely have the same poor results ...
Commentary

How ObamaCare Threatens Solvency Of Health Insurers

One of the most remarkable outcomes of ObamaCare is how the stock market has treated commercial health plans, which have rallied significantly. In the two years between the 2008 and 2010 elections, the Morgan Stanley Healthcare Payors’ Index rallied 26% (annualized), vs. only 9% for the S&P 500. Outperformance increased ...
Commentary

Obamacare threatens solvency of Colorado health plans

Obamacare encourages state politicians to increase their interference with health-insurance premiums. In 2008 Colorado passed a law giving the Division of Insurance the power to deny premium hikes. To enhance this power, known as “prior approval,” Obamacare gave Colorado a $1 million grant last year to hire more insurance analysts ...
Health Care

Why the Utah Health Exchange is No Model for Health Reform

The Utah Health Exchange is the model some conservatives believe can be used to push back against Obamacare. Witness the Wall Street Journal (July 16) soundly rejecting regulatory guidance on what the Administration is now calling “Affordable Insurance Exchanges,” but encouraging governors to get on the exchange bandwagon, in the ...
Commentary

80% of Employers Concerned About Health Reform’s Administrative Obligations; 30% Think Exchanges Will Offer Worse Coverage

A new survey by Lockton, Inc.’s Health Reform Advisory Practice reports that 80 percent of respondents are concerned about federal health reform’s additional administrative obligations (figure 2). The respondents cover a wide portfolio of industries. On the surface, it looks like fewer employers than anticipated by previous surveys (especially McKinsey ...
Commentary

ObamaCare’s Imposition Will Lead To An Unhealthy State Of Wellbeing

The federal government has produced yet another study stating the obvious about health care — that having insurance coverage is better than not having it. Yet some wonks are hailing this report from the National Bureau of Economic Research (NBER) as “the most important health-care policy experiment since the 1970s.” ...
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