August 31 – September 8, 2015
The purpose of this bulletin is to compile a handful of articles relating to the Patient Protection and Affordable Care Act (PPACA) that are most pertinent to LIUNA and its health and welfare funds. We hope you find this biweekly bulletin helpful and informative.
'Cadillac tax' could wreck popular medical accounts
A popular middle-class tax benefit could become one of the first casualties of the Affordable Care Act’s so-called Cadillac tax, affecting millions of voters. Flexible spending accounts, which allow people to save their own money tax free for everything from doctor co-pays to eyeglasses, may vanish in coming years as companies scramble to avoid the law’s 40 percent levy on pricey health care benefits.
Approaching Health Law Tax Is Not Just a Levy on Luxury
The last major piece of President Barack Obama's health care law could raise costs for thrifty consumers as well as large corporations and union members when it takes effect in 2018.
Fewer Americans skipping medical care for cost reasons
During the first three months of the year, just 1 in 20 Americans said they did not get medical care they needed because they could not afford it, according to the U.S. Centers for Disease Control and Prevention.
Highmark Is Latest to Trim Offerings Under Health Law
Highmark Health said it would reduce its range of offerings on the Affordable Care Act marketplaces, becoming the latest insurer to retrench amid steep financial losses.
STATES IN THE NEWS
Colorado Uninsured Rate Drops To Record Low
The number of Coloradans who have health insurance has reached a historic high, according to a new survey from the non-profit, non-partisan Colorado Health Institute.
Health Care Spending In Massachusetts Rises Faster Than State’s Goal
For years, Massachusetts has been out in front of other states, trying ideas to change the health system. It passed a state law extending health insurance coverage to almost all citizens four years ahead of the federal health law, and then the commonwealth tried to tackle rising health costs.