Now that we’re in the third full year of Obamacare, the folks at Kaiser Health News have found something intriguing in the numbers: The percentage of Obamacare applicants who say they smoke is far lower than the percentage of smokers in the general population. This can mean only one of two things, they say: Either a… Read the rest of this entry »Posted: May 5th, 2016 | Author: admin | Filed under: ObamaCare | Tags: ObamaCare, Smokers, Tobacco | 4 Comments »
Deception and Distraction: An Inaccurate Report on Health Benefits Remains Inaccurate Nearly 4 Year later
Recently the Asbury Park Press published a story based on a widely criticized and discredited State Comptroller’s 2012 report examining the state of health benefits for public workers of municipalities, county governments and school districts. The report, which was panned by most benefit and insurance professional at the time as being actuarially and statistically invalid, also failed to accurately reflect the process local governments must use when selecting benefits for its employees. The report made for good headlines, but it didn’t make for good policy.
The takeaway of the report was that local entities in New Jersey — counties, townships, boroughs, school districts — could simply join the state health benefit plan and save the state $100 million dollars. But that wasn’t correct then and it isn’t correct now. The report overlooked the fact that benefits are collectively bargained for and can’t simply be changed on whim or all at once. It also made the false assumption that just by merging all the groups across the state, their claims history, which is how insurance policies are priced, would miraculously get better and generate savings. Finally, the report largely blamed local benefit brokers and consultants for the high cost of health care for public plans even though the cost of brokerage services is about 2% to 3% of the total cost of healthcare. The state plan is a solution for many public employers as are other private plan options. The key is to examine all of the options and align the entity with the best solution for their circumstances.
The report was largely discredited and dismissed at the time of its issuance by industry experts for being naïve and non-factual. But because it includes an eye-popping alleged savings number, the nearly 4 years old report is regularly dusted off and re-circulated by political operatives and media types looking to re-create a controversy that never existed.Click here for reuse options!
Copyright 2015 MoreMonmouthMusings Posted: November 3rd, 2015 | Author: admin | Filed under: Health Care, Monmouth County News, ObamaCare, Opinion | Tags: Affordable Care Act, Health Care, Howell Township, Joe DiBella, Joseph M. DiBella, Monmouth County News, ObamaCare, Opinion | 3 Comments »
Medicare may soon be prohibited from spending money on vacuum pumps that treat erectile dysfunction in the coming years — an effort that could save up to $444 million but might upset those who can’t afford drugs like Viagra to treat their condition. The plan of cutting coverage of the pumps was proposed to help offset… Read the rest of this entry »
New Jersey residents are more than four times as likely as the national average to have difficulty finding a doctor who accepts their health insurance, according to a new Rutgers University report. Of state residents between the ages of 18 and 64, 14…
admin | Filed under: Health Care, New Jersey, ObamaCare | Tags: Doctors, Healthcare, Insurance, ObamaCare, Rutgers | Comments Off on New Jerseyans Find It Hard to Find Doctors Who Accept Their Insurance