BBG Two Minute Blog
A travesty or a typo?…and its effects on employers
If it were not my job to understand as much as possible about the Affordable Care Act, I would not even take note of the US Court of Appeals decision earlier this week. I promise I won't be wonky. Here is what The Washington Post had to say about contradictory rulings...
More Clouds on the Horizon: Fate of Obamacare Subsidies Up in the Air
We’ve long contended that it will take years for all the implications of the Affordable Care Act to play out. There’s still so much to be determined and so many factors, moving parts and unintended consequences that will ultimately shape the outcome. On the heels of...
Did You Receive an MLR Rebate Check from Your Insurance Carrier?
Wondering What to Do With It? To comply with provisions of healthcare reform, insurance carriers and health plans have to provide rebates to policyholders if their medical loss ratio – the percentage of premiums spent on reimbursement for medical services and related...
Swedish Retail Giant IKEA – Raising the Bar for US Retailers?
According to an article in The Huffington Post today, Ikea plans to increase the minimum wage for all employees of its US stores, and in doing so, will likely raise the bar for other American retailers. Well known for their "ready-to-assemble furniture and home goods"...
Wondering How Long You Can Keep Your Pre-2014 Plan?
The answer: Probably at least through 2017. The time table for small employers still offering a health plan issued prior to 2014 (and technically doesn’t comply with all the provisions of the Affordable Care Act) could extend well into 2017. In March, the Obama...
Getting ahead of ACA Strategies
The IRS is trying to keep employers in the group health market. The new ruling is somewhat complicated. What a big surprise, huh? The IRS is saying that the ACA requires that plan sponsors ensure that there are no limits on the mandatory essential health benefits ACA...
Lawsuit filed by patients against narrow network of major PPO – isolated or bellwether?
Something’s gotta give…….. and apparently it is. Patients want to receive quality care from familiar providers on a timely basis at lower costs. Doctors and hospitals want to maintain and increase current levels of reimbursement. Insurance companies needing to comply...
Repair, Not Repeal.
That is the conundrum now over Obamacare, or the Affordable Care Act (ACA). It appears Americans are coalescing around the idea of fixing or repairing the unpopular parts of ACA rather than repealing it. So far, the law has been rolled out with the following popular...
Big Pharma Companies Prescribe Higher Prices
An article about big pharma companies and their pricing policies show a trend toward sharply rising drug prices. It doesn't seem likely that it will slow down any time soon. I warn you - there's tons of details to consider when it comes to pharmaceutical drug costs....
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