President Donald Trump on his first day in Office issued an Executive Order regarding The Affordable Care Act.
The Trump Administration just released a Policy Brief outlining a draft of what they believe will replace the Affordable Care Act. Section one states that "Obamacare" aka The Affordable Care Act is a failure and would only get worse if not repealed. The Administration outlined a few of their goals they wish to accomplish with their new plan:
When you get rushed to the Emergency room for a major medical emergency, the last thing on your mind is the bill. However, for a staggering amount of Americans the cost of emergency servies can be just as traumatizing. 1 in 5 patients who went to in-network hospitals for emergency services were treated by an out-of-network doctor.
Health Insurance companies such as Aenta are now loosening restrictions on access to opioid addiction medication. The changes will go into effect in March. Aetna will stop requiring doctors to seek aproval before perscribing addiction medications such as Suboxone which helps with withdrawl symptoms from substances such as heroin and heavy pain-killers.
The health tracker, Fitbit, has recently teamed up with UnitedHealthcare to reward their customers up to $1,500 per year in Health Savings Account or Health Reimburment creidits for being active. The program is called Motion and people can earn up to $4 a day by tracking and acheiving their fitness goals with the Fitbit Charge 2. The data from the Fitbit is then analyzed by Qualcomm Life, a medical data processing company that sends the information to doctors, hospitals and insurance companies.
Four Republican Senators recently announced a proposal that would allow states the choice to keep Obamacare. The States would be able to choose between staying with the Affordable Care Act, going with Federal default coverage, or opting out of Federal help.
The CMS (Centers for Medicare and Medicaid Services) the branch of HHS that handles the Affordable Care Act, recently announced a new proposal that would reform and stabilize individual and small group health insurance markets. It would make changes to special enrollment periods, the annual enrollment period, guaranteed availability, network adequacy rules, essential community providers, and actuarial value requirements.
Humana has been in the news alot recently due to their failed merger with Aetna that was blocked by a Federal Judge. Humana issued a statement saying that after reveiwing the data from the previous enrollment period there were signs of an unbalanced risk pool.
Tom Price was sworn in as the head of the Department of Health and Human services at 2am on Friday. Price ran an Orthopedic clinic for 20 years in Atlanta before becoming a Republican Congressman. Price’s new responsibilities include overseeing Medicare, Medicaid, ACA, the Centers for Disease Control and regulations over the nation’s food and drugs with a combined budget of 1 trillion dollars.
Small businesses have always been an integral part of the American landscape. A “small business” is defined as having 500 or fewer employees or having less than $7.5 million in annual receipts. Now more than ever we are experiencing a steep decline in the number of new businesses being created ranging from mom and pop shops to silicon valley tech start-ups.