With expansion officially underway after nearly a year of funding uncertainty and a court battle, the Biden administration is hoping to persuade a dozen other Republican holdout states to expand eligibility, more than a decade after the option was created by the Obama administration.
Shares of health insurance technology Oscar Health (NYSE:OSCR) dropped 11% in September, according to data provided by S&P Global Market Intelligence. The company has lost nearly 50% of its value since its initial public offering in February as its loss widens, and that streak continued into September.
Participants in the Federal Employees Health Benefits Program can expect to pay, on average, about 3.8% more toward their health premiums in 2022. Overall premiums will go up — again, on average — 2.4% next year, with the government's share rising by about 1.9% in 2022.
Under development for the past two years, Truli is a health maintenance organization expanding in select Florida markets to give small and medium-size employers a new option for health care coverage.
Consider this: for laid-off workers that had COBRA health insurance, the federal government was paying for it since last April. At the beginning of the month, that program ended. Many are being forced to move to Medi-Cal.
Tired of waiting for Republican state lawmakers, congressional Democrats are moving to close the Medicaid coverage gap as they forge a package of new domestic spending that could run as high as $3.5 trillion over 10 years and would significantly enhance other federal health programs.