Today the House Ways and Means Committee is scheduled to hold a hearing on improving the competitiveness of American businesses. It should consider health policy as well as tax policy in its deliberations. There is strong bipartisan support in Congress for cutting the corporate tax rate to improve competitiveness. If done in a revenue-neutral manner, […]
Health Republic Insurance of New Jersey, one of 23 nonprofit consumer-operated and -oriented health plans established under the Affordable Care Act, has agreed to be taken over by regulators because of its “hazardous financial condition,” the New Jersey Department of Banking and Insurance said Monday. The Newark, N.J., insurer lost $58.96 million in the six months ended June […]
On Thursday, the IRS released the 2017 inflation adjusted amounts for Health Savings Accounts (HSAs). The maximum contribution amounts for calendar year 2017 will increase by $50 for individuals with self-only coverage under a high deductible plan to $3,400, while the contribution maximum will remain flat for family coverage at $6,750. Sincerely,
Paid family leave is well known to be a popular idea among New York City Democrats, but an increasing number of Republicans here also support it, with a significant number “strongly” in favor of such a policy, according to a new poll. Democrats saying they “strongly support” paid family leave increased to 81% in 2015 […]
Get ready to pay more for health care next year. The battle over setting next year’s health insurance premiums in New York is underway after proposals seeking double-digit rate increases on average were submitted to state regulators. Proposed rate adjustments vary widely, with an average increase of about 13.5 percent. While some health plans seek […]
The world of American health insurance may soon become even smaller, with the biggest companies seeking to become even bigger. A scramble has broken out within the industry as various providers jockey for position and make overtures to rivals. Anthem made the first public move, unveiling a $47 billion takeover bid for Cigna on Saturday […]