Big changes to try and fix Obamacare Just Announced by the Government

Ideas are being offered by the government in an effort to fix the Affordable Care Act which is the healthcare Act called Obamacare, President Obama’s signature legislative healthcare achievement which a series of missteps have occurred.

Over the last several weeks the Obamacare has been plagued by negative news. With major insurers pulling out from some of the public exchanges in which now regulators are saying the exchanges are nearing a collapse this has caused the US Centers for Medicare and for Medicaid Services and or CMS have proposed some changes on Monday in an effort to correct some of the issues with the exchange.

Division of the US Department of Health and Human Services “called CMS” who oversee the exchanges have offered proposals for adjustments to decrease the risk for insurers who are in the marketplace and to take on sick patients.

There has been a lack of young people to help offset older high cost patients and they tend to be more sick than had been expected which in return is causing enormous losses for some of the insurers in the exchange.

14 proposals have been offered, here are a few:

  1. Get more young people by using fees form federally funded marketplace.
  2. Make sure people are not waiting till they get sick to sign up by strengthening rules for signing up outside the enrollment period.
  3. Evaluating prescriptions drug use and taking this into account when evaluating risk assessments so insurers can get a better picture of a patient’s current health status.
  4. To reduce some of the cost burdens create more flexibility for insurers for their bronze plans.