Garden State Benefit Plans

03/25/2023

01/03/2021

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06/13/2017

Leading the News
Nearly Two Million People Who Signed Up For Health Plans On ACA Exchanges During Open Enrollment Dropped Their Coverage By Mid-March, CMS Report Says.
Politico (6/12, Pradhan) reports that almost two million people who signed up for health plans on the Affordable Care Act exchanges during open enrollment dropped their coverage between January 31 and mid-March, according to a report from the Centers for Medicare and Medicaid Services.
The AP (6/12, Alonso-Zaldivar) reports, “Figures released from the Health and Human Services department show that 10.3 million people were signed up and paying their premiums as of March 15,” which is “1.9 million fewer than the 12.2 million who initially signed up during open enrollment season.”
CNBC (6/12, Mangan) reports Seema Verma, the administrator for the Centers for Medicare and Medicaid Services, said, “Customers are sending a clear message that cost and affordability are major factors in their decision to cancel or terminate coverage.”

05/31/2017

Verma Says ACA Architects Are To Blame If Exchanges Collapse.
USA Today (5/30, Page) reports that CMS Administrator Seema Verma said the blame should be placed on the original architects of the Affordable Care Act when the healthcare law’s exchanges collapse, and some consumers are left without coverage. She stated, “Right now, if we look at it, this is all because of the Affordable Care Act. ... I mean, the individual market was working much better than it is now, so this is all the impact of the Affordable Care Act.” The article adds that during an interview on Tuesday, Verma “also criticized Obamacare’s expansion of Medicaid to cover millions of lower-income adults as unwise, saying it ‘makes a lot of sense’ for them to get insurance coverage instead in the private market, in some cases with subsidies.” The article adds that Verma indicated “she is eager to approve waivers from states that want to experiment with imposing work requirements for able-bodied Medicaid recipients, an idea that the Obama administration had rejected.”

05/11/2017

The Wall Street Journal (5/10, Mathews, Subscription Publication) reports that on Wednesday, Aetna Inc. announced it would exit the Affordable Care Act marketplaces in Delaware and Nebraska in 2018, which means it will no longer sell any ACA plans. The insurer estimated that it would lose about $200 million on individual plans in 2017