Blue Cross Healthcare Economist Mike Bertaut is on the road, on the job and around Louisiana. Now is your chance to follow along, as he brings the Straight Talk to you and your fellow Louisianians in our new series of videos.
I once heard a radio host say “Dreaming is important. But to do my job, I HAVE to be the mayor of Real Ville!”
A few months ago, the U.S. House of Representatives passed the American Healthcare Act (AHCA). The bill next went to the Senate, which created several of its own bills, including the Better Care Reconciliation Act (BCRA). While these bills are not actively being debated as I write this, they are far from dead, as is the “repeal and replace” debate, which still rages.
Last week, we began trying to explain why these new “Repeal and/or Replace” healthcare bills are so prominent in the political universe and so important right now. We began that discussion with a short history lesson on the Patient Protection and Affordable Care Act (PPACA or ACA), and now we know that a massive re-regulation and federalization of the individual health insurance market was the root of the opposition who are now trying to pass the current healthcare bills.
I’m told that in the late 1800s, a very popular form of entertainment that regular folks would pay high admission prices to see was to watch two full-sized steam trains smash into each other at 40 miles an hour. I guess we are still the same basic humans 120 years later.
“Did you know that health insurance companies that participate in federal or state programs also have stricter gross margin/profit caps on that business? For example, the Medicaid health plans in Louisiana have to pay state and local taxes, and they pay for all administration on 15 percent of the payments they get from the state for managing care of Medicaid patients.”