Archive | Affordable Care Act (ACA)

The Repeal of the Medical Device Tax: The Good, the Bad….. and is There an Ugly?

taxes-646509_960_720The following is a guest contributed post by Meghan Alonso, CEO of Imua Services.

This past week, Washington was abuzz with what will happen if the ACA is repealed.  For medical device manufacturers, the question about the medical device tax repeal is top of mind.  This tax, a 2.3% for innovation on new products, was enacted to raise funds for the ACA.  It was so unpopular and stifled innovation so it was suspended for 2016 and 2017.  The battle has begun to see what will happen in 2018.

The tough thing for the industry to swallow was that medical device manufacturers were taxed pre-revenue, making it difficult for the entrepreneur or startup to get their business off the ground.  That lead to the suspension.

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5 Critical Aspects Individuals Must Consider Prior to Open Enrollment

Changes to Census Taking Masking ACAAccording to a statement emailed from Pacient to MHW on Wednesday, there are five critical aspects that individuals must consider before open enrollment next month.

They are as follows:

1. Determine if you’re eligible.

The ACA requires exchanges to be available in every state. Each state has two marketplaces: one for individuals and one for small businesses. Individuals may purchase an individual plan or family plan if they:

  • Meet state residency requirements
  • Are not in jail (unless they are in jail pending charges being dismissed)
  • Are a U.S. citizen, U.S. national or a lawfully present resident

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Axxess Helping Home Health Agencies Prep for ICD-10-CM Coding

Axxess Helping Home Health Agencies Prep for ICD-10-CM CodingOn Tuesday, Axxess — a healthcare software company — announced it is offering training to help home health agencies using ICD-9-CM coding to transition to ICD-10-CM coding (effective October 1, 2015).

With the clock ticking away at a rapid pace, Axxess is reminding those across the healthcare landscape that the transition to ICD-10-CM coding affects all claims covered by the Health Insurance Portability Accountability Act (HIPAA) as well as for Medicare and Medicaid.

The transition to ICD-10-CM is occurring because the 35 year old ICD-9-CM code set allows limited data about patients’ medical conditions, due to outdated terms, has limited room for code expansion and inconsistencies with current medical practices.
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HHS Reveals Estimate for 2015 ACA Enrollment

HHS Reveals Estimate for 2015 ACA EnrollmentThis Saturday brings with it the start of the second annual open enrollment period for health insurance through the Affordable Care Act.

Consequently, the U.S. Health and Human Services Department now estimates that between 9 million and 9.9 million Americans will obtain health coverage through the ACA marketplaces next year.

As of this writing, 7.1 million Americans are enrolled in private health plans through said marketplaces. HHS expects 83% of those individuals to re-enroll.

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Affordable Care Act Advertising: Are Health Insurers Marketing Products Properly?

Affordable Care Act Advertising Are Health Insurers Marketing Products ProperlyThe second year of the Affordable Care Act is just around the corner. The insurance marketplace has been radically remapped, but as long as people need insurance they will need guidance to make wise choices.

Word is that the agents and companies who sell insurance have been fine-tuning their tactics and strategies.

In a story at Promotion World, Andrew Lisa suggests that — though marketing health insurance is not entirely changed — there are definite updates, mostly based on the now available technology and data.

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Affordable Care Act Marketing, Messaging Getting an Overhaul

Affordable Care Act Marketing, Messaging Getting an OverhaulAccording to the Wall Street Journal, the marketing strategies behind the Affordable Care Act are going to be tweaked for the 2015 enrollment period which begins mid-November.

ACA proponents plan to include testimonials, emphasize deadlines, and increase focus on in-person help. They will steer clear of discussing the law’s requirement to get healthcare or pay a penalty on their taxes.

In 2014, more than 8 million people secured private insurance through the law’s insurance exchanges which had technical problems when opened in October 2013.

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Boomers Will Be a Boon to Digital Healthcare Marketplace

Boomers Will Be a Boon to Digital Healthcare MarketplaceThough much of the conversation about healthcare has been focused on retirees who are living longer than ever (with inevitable hiccups for both the economics and efficiencies), the next wave could change the very nature of healthcare in the U.S.

The youngest baby boomers will turn 50 this year. As a result, the U.S. healthcare industry is anticipating unprecedented levels of demand for products and services.

“Though members of this generation still fancy themselves young and healthy, they have more health problems and chronic conditions than previous generations at the same age,” says eMarketer. “Still, they want to stay active for as long as possible. They expect healthcare that enables them to age in place and do it on their own terms.”

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