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burden placed on insurance companies to calculate subsides
12-04-2013, 10:00 PM #1
j browsing Member
Posts:4,837 Threads:1,097 Joined:Jul 2012
The federal government is dumping the consequences of its Obamacare website failures onto the private sector health insurance companies. The private sector is now expected to scramble and under severe time pressure do what the feds couldn't in the three-plus years. Unable to calculate what subsidies should be for lower-income insurance buyers, it is asking insurers to estimate the subsidies, and it will cut a check to them for whatever they ask for. Roberta Rampton and Caroline Humer of Reuters write:


President Barack Obama's administration has found a short-term fix to pay insurance companies for plans selected on HealthCare.gov, the not-yet-complete government website used to shop for insurance required under Obama's healthcare program.

The Centers for Medicare and Medicaid Services (CMS) has not yet finished building the part of the website that would transfer billions of dollars in subsidies for plan premiums and cost-sharing payments to insurance companies. (snip)

The administration is planning a "workaround" for payments, said Daniel Durham, vice president for policy and regulatory affairs at America's Health Insurance Plans.

Health plans will estimate how much they are owed, and submit that estimate to the government. Once the system is built, the government and insurers can reconcile the payments made with the plan data to "true up" payments, he said.

"The intent is to make sure plans get paid on time, which is a good thing," Durham told Reuters.

The fix puts an additional "burden" on insurance companies, already taxed by having to double-check faulty enrollment data from the HealthCare.gov system.

Now, companies need to quickly put together financial management systems to make the payment estimates, so they can be paid beginning in January, he said.


Read more: http://www.americanthinker.com/blog/2013...z2mXBChR5X
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"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
12-04-2013, 10:15 PM #2
j browsing Member
Posts:4,837 Threads:1,097 Joined:Jul 2012
just think..you enrolled ..you go to the doctor in January and find you are not covered damned.gif

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
Anonymous Kritter Show this Post
12-04-2013, 10:33 PM #3
Anonymous Kritter Incognito
 
Just another delay as everything on the back end is being synced with other systems.

This is not an issue till the new year... so I guess we will have to wait and see.

In the meantime I expect to see countless fear provoking articles screaming "WHAT IF"!
12-04-2013, 10:33 PM #4
j browsing Member
Posts:4,837 Threads:1,097 Joined:Jul 2012
I see the shill is hitting me with one mug lmao.gif

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
12-04-2013, 10:34 PM #5
j browsing Member
Posts:4,837 Threads:1,097 Joined:Jul 2012
this is a mighty big what if to the American people

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
12-04-2013, 10:34 PM #6
KILLUMINATI Made Ya Look!!
Posts:4,526 Threads:1,029 Joined:Jun 2012
(12-04-2013, 10:33 PM)Anonymous Kritter Wrote:  Just another delay as everything on the back end is being synced with other systems.

This is not an issue till the new year... so I guess we will have to wait and see.

In the meantime I expect to see countless fear provoking articles screaming "WHAT IF"!

[Image: obama-soros-talking-points-610x400.jpg]
12-04-2013, 11:17 PM #7
Shadow Incognito
 
(12-04-2013, 10:34 PM)CuckooKill Wrote:  [Image: obama-soros-talking-points-610x400.jpg]

Good one chuckle.gif rofl.gif



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