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Employers Turning to Private Exchanges to Cut Costs

A recent survey by Aon PLC, an insurance broker located in the United Kingdom, revealed nearly one-third of U.S. employers will likely switch their employee health insurance plans to a private health exchange over the next few years. Of the 95 percent of employers that intend to continue offering a plan, 33 percent are giving serious consideration to a private exchange.  With Obamacare in the picture, employers are looking at changes in the healthcare field as well as the fact their employees are weary of ... Continue Reading

Republican Plans to Repeal Obamacare Seek to Gain Momentum

A health care overhaul plan released Monday by three Senate Republicans may reveal how the party will handle the issue for the 2014 elections and beyond. The proposal would not change the long-standing practice of allowing employers to fully deduct the cost of providing health insurance. However, it would do away with Obamacare’s individual mandate, as well as its requirement that insurers offer coverage to everyone regardless of pre-existing health conditions. Watch the short video below on the debate over the Republican Study Committee’s plan to replace Obamacare: Continue Reading

Young Invincibles Shying Away from Obamacare

According to demographics data from the latest Department of Health and Human Services report, of the 2.2million people who chose insurance plans over the federal and state exchanges, only 24% were between the ages of 18 and 34. Once the deadline for enrollment ends on March 31st this could have consequences on consumers who could face higher insurance rates in 2015, according to experts. The higher insurance rates would come about from insurance companies failing to find sufficient young and healthy people willing to offset the costs of covering older and sicker Americans. It’s not clear yet how the final breakdown of the people who buy insurance will impact rates. Some insurers may have set rates with a more pessimistic outlook, expecting a smaller share of young people to sign up for coverage, while other insurers may have expected a larger share of young adults to sign up. Continue Reading

Obamacare Expected to Push Hiring Among Health Care Providers

In order to meet the demands of the legislation within the Affordable Care Act, it’s becoming apparent that hiring within Health Care and related industries will have to ramp up. Health care providers will need more nurse practitioners and physician assistants, and companies that are required to offer insurance to employees will need more human resources staffers to keep track of their compliance. Experts also expect more jobs for computer programmers and other information technology professionals, customer service representatives, insurance agents, and wellness and fitness coaches. Continue Reading