The basic principle behind the Affordable Care Act was that by requiring all Americans to have health insurance, people would pay for insurance even when they weren’t sick, making the risk pool bigger and letting insurers cover more services and people who are already sick. Insurance companies say that it isn’t working out that way, though. Insurance giant Aetna announced that it will leave individual insurance exchanges in 11 out of the 15 states where it does business. [More]
2014 tax returns are the first ones that American taxpayers are filing since the health insurance subsidies, mandate, and penalties of the Affordable Care Act have come into effect. Included in our tax returns this year will be a penalty of 1% of income for people who don’t have health insurance that provides a minimum level of coverage. That penalty is taking some people by surprise. [More]
We’d like to think that most of you know that March 31 is the deadline to obtain health insurance or face a penalty for lack of coverage, but if you’re one of the millions of uninsured Americans, it’s about a 50/50 chance that you’re actually aware of this deadline. And to about one-third of the country’s uninsured, the deadline doesn’t matter because they are choosing to go without coverage. [More]
Over at ProPublica, they recently learned what we at Consumerist have known since 2008: when you’re having customer service trouble, sometimes the best way to use alternate means to get the attention of someone who can help you. Propublica discovered that some consumers are using Twitter to navigate the intensely personal and deeply confusing world of health insurance. [More]
At first glance, this story has a scary headline: Trader Joe’s is yanking health insurance away from many employees because of Obamacare. That is what’s happening, but leaves out that yes, workers are losing their coverage…because the Affordable Care Act means that adults whose jobs don’t provide health insurance but who are well above the poverty line will have access to reasonably priced insurance through state exchanges. [More]
Unless you’ve had wool stuffed in your ears you might’ve heard the words “Affordable Care Act” bandied about for a while now. And starting Oct. 1, open-enrollment season officially begins for people to purchase insurance coverage. But what does that even mean? If you don’t know, you’re not alone: According to a new poll, 51% of Americans say they don’t understand how that will affect them or their families. [More]
While we’re starting to hear more about the implementation of the Affordable Care Act now that there are only a few months left until the health insurance mandate is in place and all Americans are supposed to have coverage. What you should know and remind the people you care about, though, is that no one is supposed to call you up to sell you any kind of special insurance. [More]
Forever 21 is facing a bit of social media blowback after a memo reportedly leaked online, detailing its plans to reduce “a number of full-time non management positions” like stock associates and sales associates to 29.5 hours or fewer starting this week. Some critics are accusing the company of doing so to avoid providing health care coverage to full-time employees under the impending Affordable Care Act mandate. [More]
Health care reform legislation lost a significant court battle Monday when a U.S. District Court judge in Florida ruled that the entire Patient Protection and Affordable Care Act is void after finding that the portion of the law that requires people to buy health insurance is unconstitutional.
Con artists went door-to-door in California selling senior citizens fake health care policies called “ObamaCare,” threatening that they’d have to go to jail unless they paid up. The unfortunate marks fell victim to a con, unaware that the actual jail-threatening ObamaCare peddlers will be wearing official Star Wars stormtrooper uniforms and won’t be hitting the streets until well after the midterm elections.