February 16th, House Republicans held a closed-door meeting to discuss their ACA replacement plan and identify the components that could be included in the budget reconciliation bill. At that meeting, an Obamacare Repeal and Replace Policy Brief and Resources document, authored by the Congressional Committees with jurisdiction over the healthcare reform process, was provided to House members.
February 9th, the confirmation process for Seema Verma to become the head of the Center for Medicare and Medicaid (CMS) began with a Senate Finance Committee hearing. Verma is a healthcare consultant from Indiana and worked closely with Vice-President Pence on Indiana’s H.I.P. 2.0 Medicaid program that was enacted while he was Governor.
February 9th, Sen. Orrin Hatch (R-UT), Chairman of the Senate Finance Committee, along with Sen. Marco Rubio (R-FL), introduced the Health Savings Act of 2017 (S.403), and Rep. Eric Paulsen (R-3rd MN) introduced companion legislation. Like HSA legislation introduced by Sen. Hatch and Rep. Paulsen in previous Congresses, the bill includes top legislative priorities of the HSA industry.
Consumers refuse to accept the truth when it comes to their healthcare finances. Whether it is fear of the unknown, distrust of the industry, lack of interest or knowledge, the reality is that consumers aren't planning for their healthcare present and future.
Wouldn’t it be great if you could track the key performance indicators of your own employer groups as well as those of your peers? Your Alegeus platform contains a wealth of demographic, account and transactional information that can lend clues to performance – what’s working and what’s not – as well as insights about what characteristics top and bottom performing accounts have in common.
2017 will ring in a new Congress, a new administration and a new healthcare reform process. There are many unknowns into how the Republicans will ultimately “replace” the Affordable Care Act (ACA), but the ground work for the initial “repeal” began late 2015 when Speaker Paul Ryan and Sponsor Tom Price passed an “ACA repeal bill.” President Obama vetoed the bill in January 2016.
Expanding consumer directed healthcare (CDH), especially the use of health savings accounts (HSAs), will be a large part of the eventual ACA replacement legislation. HSAs have been a key component in every healthcare reform proposal that Republicans have sponsored. Leadership in both Houses of Congress and within the incoming President Trump administration have all introduced or sponsored HSA expansion bills.
President Obama signed H.R. 34 today, which includes a variety of healthcare provisions, including the 21st Century Cures Act and the Alegeus-supported HRA provision for eligible small employers.
Since the popularity boom of private exchanges and defined contribution beginning in 2014, there still exists a number of barriers to employee adoption. Unfortunately, much of the conversation around exchanges and defined contribution has been focused on hype and skepticism. The fact of the matter is, the concept of a healthcare marketplace has been in existence for some time, it has just taken on a new complexion in the face of rising costs for both employers and healthcare consumers.
The Institute for Healthcare Consumerism (IHC) focuses on innovative health and benefit management and helps employers to engage their employees in their own health and well-being.