McKesson Corp. is the nation's largest drug distributor and earns roughly $4 billion a year serving as the primary pharmaceutical vendor for the U.S. Department of Veteran's Affairs. But it doesn't pay employees like Claude Hickerson, a veteran himself, enough to afford health care.
Connect for Health Colorado's Finance Committee recently offered a revenue projection for the current year. Using a conservative approach, it projects that revenue for 2014 is about $600,000 above earlier estimates, and total revenue for the year is expected to top out at $5.4 million.
Many Americans are learning about health insurance for the first time, and others are adapting to changes. One area that seems to be ever-changing is "networks," as in doctors and hospitals "in network" and "out of network."
In March, I gave my first semester grades for the Affordable Care Act (ACA, also known generally as Obamacare), and it received a C grade for a GPA of 2.0. Now, a semester of health care later, how is it doing?
I cower when I see the email from our health insurance broker, cheerfully writing to schedule our annual plan review and a discussion of the increase for the coming year. I say increase because we have never seen a decrease in 10 years.
While the ACA may address some of the more extreme premium fluctuations, it does not fundamentally change the basic structure of a market that has always been highly volatile and uncertain. However, there are provisions in the ACA that do impact premiums.
Executives at health insurance giant WellPoint are predicting they will have to implement "double-digit plus" rate increases next year, demonstrating once again just how politically tone deaf and profit-obsessed they apparently are.
In an effort to cynically score political points, the Republicans have taken up the cause of people who have received health insurance "cancellation" notices. The problem is that the Republicans aren't helping these people, they are exploiting them.