Straight Talk would normally come to you today, but instead we are eagerly watching the latest developments out of Washington, D.C., on the American Health Care Act.
There is a lot of doom and gloom out there right now about what is going to happen to the Affordable Care Act (ACA) under a Republican president with a Republican majority in Congress. So, what is really happening, and what can you expect?
Note from Mike: I’m sifting through the information coming out about the Affordable Care Act, Medicaid, Medicare and healthcare in a Trump presidency. I’ll be back soon to offer my take on it, but in the meantime, see this Q&A on what Blue Cross is doing right now.
In my last blog post, I gave details about how much rates for individual customers’ health insurance are going up next year and why. I promised do a future blog about not just how much premiums cost, but how much financial protection the federally-designed products for 2017 give the average customer. This may get a bit wonky, so please bear with me as you go through.
Of the 4.6 million people in our state, about 1.6 million of them (almost 34%) have a Blue Cross card in their pockets right now. “I have Blue Cross” is something people are very happy to say when they have health needs, need a new prescription, etc. Even for things as simple as their annual check-ups, there is much comfort in saying, when you get asked at the doctor’s office, “I have Blue Cross.”
I can’t help but notice some folks talking on our social media about eye-popping price increases. I’m hearing talk of premiums doubling, or even tripling, since last year. What’s the story with this?
The pictured quote was part of a weekly address from President Obama in August 2009.
One of the most confusing parts of the Patient Protection and Affordable Care Act (PPACA) is the notion of a “direct from Washington D.C.” definition of health insurance called an “ACA Compliant Health Plan.”