techkenyot.com
techkenyot.com July 17, 2018


Trump administration freezes risk adjustment payments

10 July 2018, 09:23 | Silvia Roy

The Trump administration said Saturday it's freezing payments under an "Obamacare" program that protects insurers with sicker patients from financial losses, a move expected to add to premium increases next year.

The Centers for Medicare and Medicaid Services said it had to put the payments on hold, after a US district court judge ruled the government arrived at the formula that guides the payouts in a flawed way. All in all, the program was slated to shift $10.4 billion among insurers in 2017, according to the agency.

The Blue Cross Blue Shield Association, whose members are a mainstay of Affordable Care Act coverage said it was "extremely disappointed" with the administration's action. "As a result of this litigation, billions of dollars in risk adjustment payments and collections are now on hold", CMS administrator Seema Verma reportedly said in a statement.

The main insurers' lobby said it will need to see a quick resolution to avoid bigger price hikes next year - and a bigger tab for taxpayers who subsidize qualified customers in the program's web-based exchanges.

Arsenal announce signing of Sampdoria midfielder Lucas Torreira
During his two years at Sampdoria after joining from Pescara, Torreira made 74 appearances and scored four goals for the club. The 19-year-old midfielder underwent a medical with the Gunners on Monday ahead of a £7 million move from Lorient.

CMS plans to appeal the court's ruling, as the U.S. District Court for the District of MA ruled to uphold the payments.

More broadly, the move contributes to a string of actions from the Trump administration, including the cancellation of other ObamaCare payments a year ago, that have added to insurers' uncertainty and frustration.

"So much uncertainty put in the market at this point of time is very unnerving", said Ritu Agarwal, senior associate dean of research at the University of Maryland Robert H. Smith School of Business, who follows the health care system. "It moves us back to some extent to the status quo where people with pre-existing conditions found it very hard to get insurance". The agency says the court ruling also prevents it from collecting additional risk-adjustment funds until the issue is resolved.

The CMS said a February federal court decision in New Mexico, which ruled it was using a flawed formula to determine its collections and payments amounts, prevented it from continuing the program.

History beckons as France take on Belgium
The FC Barcelona centre-back has a knee injury, and his availability will depend on a fitness test closer to kick-off. The attacker has been crucial to Belgium's run to the semi-finals, providing two goals and two assists for his side.

Dr. Dave Weldon, president of the Alliance of Health Care Sharing Ministries, discusses why the health care sharing ministry group, known as Samaritan Ministries, could be a good alternative for people who can't find affordable healthcare.

It could encourage more insurers to bow out of the Affordable Care Act. Eventually, experts say, some insurers could simply get fed up and exit ObamaCare markets, leading to fewer choices for consumers.

But since the Trump Administration removed the fine for not buying health insurance, Republicans argue that the removal of the threat of that "tax" now makes the law unconstitutional.

McConnell calls Kavanaugh a ‘superb’ court pick
It may not also be his last, with liberal Justices Ruth Bader Ginsburg 85-years-old and Stephen Breyer turning 80 next month. Brett's mother Martha Gamble served as a Maryland state Circuit Court Judge from 1995 to 2001.



Other News

Trending Now

Wimbledon 2018: Unstoppable Roger Federer wins set in 16 minutes
He has won 32 sets in a row at Wimbledon - two short of his personal best streak, between 2005's third round and the 2006 final. BBC reports that the top seed is bidding for a joint record ninth singles title to draw level with Martina Navratilova.

Eight boys rescued from Thai cave recovering — Sunglasses and chocolates
It's unclear whether Thai officials will opt to use Musk's submarine to rescue the four remaining boys and their soccer coach . Since the operation started, the area outside the cave's entrance has filled with media, volunteers and onlookers.

Rescuers begin 'challenging' final push to free last five from Thai cave
Rescuers have quickened the speed of the latest rescues by two hours, learning and adapting from the last two days of rescues. Four of the trapped Thai cave boys were rescued over the weekend, and on Monday, four more were transported to the hospital.

It’s official: Lakers announce LeBron James has signed
It's a big day for the Los Angeles Lakers as LeBron James signed his 4-year $154-million contract with the purple and gold. LeBron is a Laker . "It's a huge step closer to returning the Lakers to the playoffs and to the NBA Finals".

Trump says Putin meeting may be 'easiest'
But his trip to Brussels may end up being less controversial, said Dan Michaels, the Wall Street Journal Brussels bureau chief. Meanwhile, Mr Trump will be largely kept away from central London.

Prince Harry and Meghan Markle attend Prince Louis' christening
Catherine's parents, her sister and brother-in-law Pippa and James Matthews and her brother James will also be in attendance. Meghan opted fro an olive green Ralph Lauren dress, which featured a boatneck and a matching hat by Stephen Jones.

Netflix auto-download for offline watching hits Android today
Smart Downloads will notify you when the feature starts downloading an episode, and you can even turn it off if you aren't a fan. The app for both iOS and Android , however, is absolutely free, and you can grab it from the links below.

Modric reveals Croatia biggest concern ahead of England clash
England's 11 goals so far are equal to the country's record of most goals at a single World Cup set back in 1966, when they won the title.

Real Madrid's Ronaldo signs for Juventus
Cristiano Ronaldo has agreed to move to Juventus after nine years at Real Madrid , the La Liga side have confirmed. In an open letter, Ronaldo thanked the Madrid club and its fans for " nine wonderful years ." .

England fans celebrate World Cup win over Sweden at IKEA
The Spurs right-back has been one of the key men in the squad as Gareth Southgate's side have reached the World Cup semi-final. The Euro '96 anthem managed to topple Drake from the top spot, clocking up over one million streams in just one day.