With my 65th birthday — and eligibility for Medicare — arriving in a few months, my mailbox is full of solicitations for Medicare Supplement and Medicare Advantage Plans. If I accepted all the free lunches and dinners I’ve been offered in exchange for attending these Medicare workshops, I’d be 10 pounds heavier.
Lawmakers have rejected the Governor’s budget proposal for a new 14% tax on health insurance in New York. Lawmakers recognized this new tax — on top of $5 billion in health care taxes employers already pay
OPTIMISM HITS NEW HIGHS
Well if you had any doubt about the strength of the economy read this...
Middle market executives are overwhelmingly upbeat about the economy and their own companies for the year ahead. Nearly 1,700 executives completed our annual Business Leaders Outlook survey in January, expressing the highest levels of optimism in its eight-year history.
Cigna Agrees to Buy Express Scripts for More Than $50 Billion - WSJ
Health insurer Cigna Corp. CI -10.74% plans to buy Express Scripts Holding Co. ESRX +9.78% in a cash-and-stock deal worth $52 billion, excluding debt, that the companies say will expand their health care offerings and help them control costs.
Keep an eye on Idaho, a hot potato is about to be served! Blue Cross of Idaho has submitted five plans (their Freedom Blue plans) that they plan on selling in Idaho, that would NOT comply with Obamacare. What will HHS do? What will the Trump administration do? What are all the other ripple effects with ACA fines and filings? No one knows yet, here’s what we do know;
With Freedom Blue Plans there could be a potential increase in premiums of up to 50% based on the applicant’s family medical history
Freedom Blue Plans will have a $1,000,000 annual benefit limit
With these new plans you could be denied for pre-existing conditions (unless continuous coverage was maintained)
Premiums for these plans are 25% - 50% lower than Obamacare plans
Blue Cross of Idaho will still continue to offer their suite of Obamacare compliant plans separately
We will keep you posted as this unfolds, our thoughts; Obamacare is still the law of the land – until we receive different guidance from HHS or the Trump Administration we recommend that all employers (but ALEs in particular) develop a strategy and implement policies that are compliant with The ACA as written currently.