Navigation Links
Watertree Health® Gives Statement on the Impact of Large Health Insurance Companies Withdrawing from ACA Exchanges
Date:4/27/2016

Following the example of several Blue Cross and Blue Shield member companies last year, UnitedHealthcare, the nation’s largest commercial health insurer, just confirmed that it will be exiting the ACA insurance exchanges in most states. Though UnitedHealthcare has not yet disclosed which locations it will continue to operate in, the decision comes after losing hundreds of millions of dollars because of its participation in the exchange marketplace. Currently, the insurer covers 34 ACA areas, but it will only stay in “a handful” starting next year.

As noted in The Hill, Insurers Warn Losses from ObamaCare are Unsustainable. CEO of Aetna, Mark Bertolini stated a few months ago, “We continue to have serious concerns about the sustainability of the public exchanges.” McKinsey & Company reported that insurers in 41 states did not see any profit in 2014.

Watertree Health President Shane Power cautions, “The Blue Cross and Blue Shield member companies’ and UnitedHealthcare’s decision to leave the ACA may result in an economic avalanche for some households. There may be higher premiums due to less competition in the marketplace as well as higher co-pays due to the loss of the strong negotiating power that larger insurance companies tend to have. Also, there may be less and less popular medicines covered on new plans. Already, people struggle to pay for their medication.”

The Kaiser Foundation states in Analysis of UnitedHealth Group’s Premiums and Participation in ACA Marketplaces that the insurer’s decision to exit the marketplace will have a significant effect on premiums in particular regions.

Power predicts that many people may return to having no health insurance coverage because they won’t be able to afford the higher premiums. If that is the case, repercussions for rising numbers of uninsured may be extensive: many people may persistently be sick because they cannot pay for doctor visits, or they may use emergency rooms as free resources, which burdens all taxpayers.

Given this latest development with the ACA, we must find another way to help make health care accessible to everyone in America, and quickly.

In the meantime, Power reminds those with insufficient coverage or high prescription costs: “This is why we created the Greatest Prescription Savings? (“GPS”) drug-price-lookup tool — to show people that they can afford to get their prescription filled at their favorite pharmacy, with the free Watertree Health Prescription Discount Card. To use the GPS, consumers simply enter the name of their prescription and zip code at wtree.us/savingstool. If they don’t have a card already, they can get one by going to this website or by texting CARD to 95577.”

About Watertree Health
Watertree Health was founded in 2010 to address the growing need for accessible and affordable health care products and services in America. The Company’s free Prescription Discount Card saves money on most FDA-approved brand and generic medications. The Greatest Prescription Savings (GPS) tool (wtree.us/savingstool) provides the cost of medicines with the card at nearby pharmacies.

For more information, visit WatertreeHealth.com.

Read the full story at http://www.prweb.com/releases/2016/04/prweb13373231.htm.


'/>"/>
Source: PRWeb
Copyright©2016 Vocus, Inc.
All rights reserved


Related medicine news :

1. Watertree Health Offers Tips on Saving on Electronic Prescriptions
2. Watertree Health Reports Year-End 2015 Social Responsibility Results
3. Watertree Health President Responds to Consumer Reports Survey on Rising Prescription Drug Prices
4. Watertree Health President Offers A Solution During National Migraine Awareness Month
5. Patrick Mullally, Chief Compliance Officer for RestorixHealth® Successfully Completes Certified in Healthcare Compliance (CHC)® Examination
6. The Countdown is on for “John Offerdahl’s Broward Health® Gridiron Grill-Off Food, Wine & Tailgate Festival” on Nov. 8
7. Azalea Health® Donates EHR Software to Rural Georgia School Clinics
8. FusionHealth Unveils New Technology to Expand its Sleep4YourHealth® Sleep Health Management Solution
9. World Patent Marketing Success Group Gives Hope for the Future with a New Technological Invention, the Chain of Hydro Power Machine
10. Local Miracle-Ear Business Gives Back to Amarillo Community
11. Bird•B•Gone® Gives National Food Retailer Net Advantage to Keep Birds Out
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/17/2019)... ... 17, 2019 , ... Caravan Health is seeking ... the country, the company announced today. High-performing community health systems and providers can ... cost efficiency. This opportunity is open to those new to value-based Medicare payment ...
(Date:9/17/2019)... PASO ROBLES, Calif. (PRWEB) , ... September 17, ... ... Pismo Beach , CA, recently announced that he has been certified by the ... Botox in dentistry is used to correct a wide range of orofacial conditions ...
(Date:9/17/2019)... BOSTON (PRWEB) , ... September 17, 2019 , ... ... Participation (CISCRP) is pleased to announce the release of the third edition of ... a comprehensive, easy-to-read guide for patients, caregivers and families to navigate the clinical ...
(Date:9/14/2019)... ... September 13, 2019 , ... ... detection and treatment of infectious diseases at its annual Congress (WMIC) recently ... detection of residual HIV infected cell persistence and the development of pathogen-specific ...
(Date:9/11/2019)... ... September 12, 2019 , ... “Heart Seizures”: a useful ... coronary artery disease as he hopes to prevent anyone from having it and to ... author John Saltwick, a writer who was diagnosed with coronary artery disease. Predicted to ...
Breaking Medicine News(10 mins):
(Date:9/18/2019)... ... September 18, 2019 , ... NDA Partners Chairman ... well-respected preclinical drug development expert with a focus in the cardiovascular and metabolic ... to joining NDA Partners, Dr. Hoffmann served as Executive Director of Preclinical Safety ...
(Date:9/17/2019)... New Zealand (PRWEB) , ... September 17, 2019 , ... ... in in Fast Company’s 2019 Innovation by Design Awards Students category. , It was ... at the Auckland Bioengineering Institute. , Muss-Bits is comprised of two parts. A “sensor ...
(Date:9/17/2019)... ... 2019 , ... Scientists writing in a 2017 issue of ... progressive destruction of joint cartilage in osteoarthritis are “on the close horizon.” ... orthopedic surgeon Alejandro Badia, MD , founder and chief medical officer of ...
Breaking Medicine Technology: