Insurance Articles

A Market Is Born

Cyberinsurance doesn’t need a government backstop.
Nov 09, 2015

In 1988, Robert Tappan Morris, then a graduate student at Cornell University, decided to write a computer program to measure the size of the still-nascent Internet. Morris’s effort, a cleverly written bit of code that exploited security weaknesses, quickly spread through the computer network, bringing many systems to a halt by copying itself endlessly.

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Ending Obamacare’s Insurer Bailout Is Paying Dividends

7:26 AM, Oct 06, 2015

One of the least-reported substantial policy victories in recent years was stopping Obamacare’s insurer bailout through last fall’s CRomnibus bill.  Now we can attach a price-tag to that victory:  $2.5 billion.  That’s how much taxpayers would have been funneling to President Obama’s insurance-company allies if the bailout hadn’t been thwarted, according to Obama administration officials.  Insurers were hoping for $2.87 billion but, thanks to the anti-bailout legislation, which required Obamacare’s risk-corridor program to operate in a revenue-neutral manner, rather than as a bailout, they will be getting only $362 million—the same amount that other insurers paid in.

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Obamacare Insurance is 'Unaffordable' for 105 Million Americans

2:30 PM, Feb 10, 2015

Obamacare requires employers to provide "affordable" health insurance to full-time employees, and for the purposes of the law, the word affordable is defined very specifically: 

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Jindal: Under My Obamacare Repeal, You Can Keep Your Plan

4:34 PM, Feb 05, 2015

Bobby Jindal isn’t as close to announcing a run for president as some of his other would-be GOP rivals, but that hasn’t kept the Louisiana governor out of the news. In recent weeks, Jindal has spoken out on terrorism (he says, contra Obama, Islam “has a problem”), vaccines (he’s unequivocally for them), and Common Core (he’s now against it).

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Anthem CEO: Hackers Accessed My Personal Info, Too

8:01 AM, Feb 05, 2015

In an email sent out this morning to customers, Anthem president and CEO Joseph Swedish addresses the cyberattack on the insurance company he runs. Swedish also reveals that his information was hacked too, not just the information of millions of customers. 

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Feds Looking for Company to Run 'National Data Warehouse' for Obamacare, Medicare

8:04 AM, Jan 02, 2015

The Department of Health and Human Services (HHS) is looking for vendors to run its "National Data Warehouse," a database for "capturing, aggregating, and analyzing information" related to beneficiary and customer experiences with Medicare and the federal Obamacare marketplaces.

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Cost of Exceeds $2.2B After Latest Contract Award

10:31 AM, Dec 30, 2014

With the announcement Monday of a five-year, $563 million contract award to Accenture, the contractor that rescued the Obamacare marketplace after 2013's disastrous launch, the total cost of the site will well exceed $2.2 billion.

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Market Fine After Congress Fails to Reauthorize Fed-Backed Terrorism Risk Insurance

12:37 PM, Dec 23, 2014

When Congress headed home for the year last week without renewing the Terrorism Risk Insurance Act (TRIA) many in the real estate, tourism, and insurance business predicted disaster. The Coalition to Insure Against Terrorism—a broad grouping representing everyone from real estate investors to sports leagues—blasted the inaction.

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Anti-Obamacare Ads Dominate GOP Ad Buys in October

6:05 AM, Oct 28, 2014

Without offering an alternate theory for President Obama’s 42 percent approval rating — which was about the same even before it became obvious his foreign policy had tanked — the mainstream media is insisting that Obamacare isn’t driving this election.  But Republican ads in Senate races say otherwise.

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The Obamacare Debate Heats Up in Virginia

5:30 AM, Oct 19, 2014

In the wake of their passage of Obamacare, the Democrats have repeatedly claimed two things: Republicans don’t have an alternative, and in any case the health care debate is over. But a Washington Post editorial published Saturday makes it clear that neither of these claims is true.

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CBO Projections Indicate Obamacare Will Raise Deficits by $131 Billion

7:01 AM, Oct 14, 2014

Analysis of Congressional Budget Office projections by the Senate Budget Committee finds that Obamacare will increase the deficit by more than $100 billion over the next decade.

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Another Obamacare Success Story: NY Freelancers Union Drops Insurance Coverage

10:02 AM, Oct 02, 2014

Last year, the New York Times did a glowing profile of the New York Freelancers Union, focused on how it's providing health insurance for a population of workers that typically don't have affordable coverage options: 

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New Contractor Still Not Ready For 2015 Open Enrollment

7:48 AM, Sep 30, 2014

Even before the website disaster unfolded in October 2013, the Department of Health and Human Services (HHS) had been looking to the future. HHS announced in June of that year that Hewlett-Packard would be replacing Terremark, a Verizon subsidiary, as the main contractor hosting the federal insurance marketplace and data services hub.

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Poll: Voters Back Representatives Who Support Stopping Obamacare’s Insurer Bailout

12:08 PM, Sep 18, 2014

A new poll finds that 58 percent of likely voters are “more likely” to support members of Congress who vote to stop Obamacare’s taxpayer bailout of insurance companies.  Half of that 58 percent (29 percent) are “much” more likely to do so.  Meanwhile, only 15 percent of likely voters are “less likely” to support such members, with only 6 percent being “much” less likely to support them.  In other words, almost four times as many voters would reward members of Congress for voting to stop the bailout as would punish them for doing so.

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Study: 1.9 Million Americans Falling Into Obamacare 'Family Glitch'

11:15 AM, Sep 18, 2014

A new study from the American Action Forum finds that "1.9 Million Americans [Are] Falling into the ACA Created 'Family Glitch.'"

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The Reality Behind the Latest Pro-Obamacare Spin

3:44 PM, Sep 08, 2014

Obamacare’s defenders are busy declaring victory again.  Ezra Klein is touting a new survey of Obamacare benchmark premiums in some regions of the country as evidence that the law is defying the predictions of critics and working to cut costs rather than increase them.

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2017 Project's Alternative to Obamacare Gets a Boost

10:21 AM, Sep 08, 2014

2017 Project executive director Jeffrey Anderson issued a memorandum this morning reporting that the nonpartisan Center for Health & Economy has "scored" the group’s alternative to Obamacare. THE WEEKLY STANDARD readers are familiar with the broad case for the alternative (see

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Insurance Executive Complains: Attacking Obamacare ‘Bailout’ Is ‘Unfair’

6:41 AM, Aug 29, 2014

The Palm Beach Post reports that Florida Blue CEO Pat Geraghty is characterizing as “unfair” Marco Rubio’s argument that American taxpayers should not be forced to provide a bailout for health insurance companies that lose money under Obamacare.  It’s not entirely clear whether Geraghty thinks it’s “unfair” to oppose the bailout, to call it that, or both.  Regardless, Obamacare is poised to force taxpayers to help cover health insurers’ losses — and it’s harder to imagine a clearer example of a bailout, or of cronyism, than that.

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Do Americans Dislike Obamacare More Than Obama Likes Golf?

2:31 PM, Aug 26, 2014

During President Obama’s second term, about the only thing more common than seeing him out on the golf course has been seeing polls highlighting the striking unpopularity of his signature legislation.  Obama has golfed a reported 79 times so far in his sec

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Obamacare Navigators, 'Assisters' Helped Fewer Than Two People Per Day

Nine in ten heard from clients again with post-enrollment problems.
7:33 AM, Jul 17, 2014

During the open enrollment period for the state and federal health care exchanges, each staff member and volunteer worked with an average of 1.8 people per day, according to a survey of assister programs released by the Kaiser Family Foundation.

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Obamacare Misses Its Target on the Uninsured by Half

9:05 AM, Jul 15, 2014

In March 2010, Obamacare was about to be voted upon by the House of Representatives, and the Democrats were in the process of deciding whether to ignore public opinion at their peril.  At that time, the Congressional Budget Office (CBO) projected that Obamacare would cost $938 billion over a decade and would reduce the number of uninsured people by 19 million as of 2014 (with a reduction of 1 million prior to 2014 and 18 million in 2014 alone).  Unimpressed, the American people overwhelmingly opposed the intrusive overhaul — with 20 of 21 polls taken that month showing it to be unpopular, most of them by double digits. The Democrats willfully passed Obamacare anyway and lost 63 House seats that November.

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Colorado's $179 Million Obamacare Website: 'Clunky, Counterintuitive, and Confusing'

Even the sign in button is broken.
6:01 AM, Jul 03, 2014

Colorado's 9News reviews its state's Obamacare exchange and finds that it's "clunky, counterintuitive, and confusing." The site was built with a $179 million grant from the federal government, but even the sign in button doesn't work. 

Watch here:

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Insurers Expect a Nearly $1 Billion Bailout under Obamacare

6:04 AM, Jun 27, 2014

Most Americans don’t think it’s their job to bail out insurance companies who lose money under Obamacare, but that’s exactly what’s poised to happen. Obamacare’s risk-corridor program — which President Obama has been using as a slush fund to placate his insurance allies and keep them quiet about his lawlessness — shifts financial risk from insurers to taxpayers. According to the House Oversight Committee, health insurers expect Obamacare’s risk corridors to net them nearly $1 billion, at taxpayer expense, this year alone.

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The Unintended Consequences Keep On Coming

10:15 AM, Jun 09, 2014
Among the arguments in support of the Affordable Care Act was that unless there was something close to universal insurance, the nation’s emergency rooms would be flooded with people needing care.  Read more 'Health Insurance With Medicaid Is The Perfect Mother's Day Gift'

10:02 AM, May 13, 2014

On Sunday, the White House blog declared that Obamacare made this Mother's Day "particularly special."  On Monday, the Obamacare website got into the act, suggesting that "Health insurance with Medicaid is the perfect Mother’s Day gift":

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Obamacare Insurer Subsidies in Action: The Case of Humana

8:25 AM, May 08, 2014

Humana joined the ranks of insurers warning about the potential for large premium increases on next year's Obamacare exchanges. In a conference call discussing its first quarter earning results, Bruce D. Broussard, CEO of Humana, said: "we can see pricing levels anywhere in the single digits to the double digits."

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Bad Faith Meets Bad Science

2:16 PM, Apr 22, 2014

The attempts of defenders of Obamacare to rouse the American people in favor of the doomed monstrosity have become more desperate and bizarre. The most recent example is taking place in Florida, where the sudden death of a young uninsured woman is being cited as an indictment of the Republican-controlled state legislature for refusing to approve the Medicaid expansion so generously being offered by the feds. If the woman in question had access to federally-mandated Medicaid, they argue, she would of course have gone in for preventative screening which would have revealed her cardiac abnormality and somehow saved her life. Once again, heartless Republicans are causing the death of innocents.

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Dozens of Widows Dropped from Health Care Due to Obamacare in Alabama

6:01 AM, Apr 17, 2014

Over two dozen widows in Alabama were dropped from their health care plans due to Obamacare, WHNT reports:

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Private Health Insurance, Outside Obamacare Marketplaces, Still for Sale

6:02 AM, Apr 04, 2014

In the months and weeks leading up to March 31, the Obama administration pushed the message through press releases, tweets and blog posts that the last day in March was the final opportunity to get health insurance in 2014.

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