TelePay Insurance

Two Perspectives of Health Plans with Fewer Mandated Benefits

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Last week, the administration issued a rule allowing access to health plans that don't meet certain requirements of the ACA. These products—which don't have to offer the comprehensive benefits that ACA plans do—will be available to small businesses and the self-employed. And Mr. Trump is expected next to lift limits on the duration of short-term in...
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TelePay Insurance

Government Limiting Physician’s Patient Opioid Treatment

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As the number of deaths from opioid overdoses continues to climb in the U.S., the administration is considering legislation aimed at reducing the number of prescriptions being written for the painkillers. On average, overdoses of prescription opioids kill about 46 Americans a day, according to the Centers for Disease Control and Prevention. That nu...
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TelePay Insurance

Health Savings Accounts for Everyone

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If HSAs Were Universal It Could Raise the Cap to $7,350 and Drive Competition Health-care reform is progressing under this administration; The individual mandate is nullified. The administration has permitted more low-cost "limited duration" insurance plans, and more small businesses now have access to association health plans. The next step should...
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TelePayroll

New Healthcare plans Will Lower Costs for Small Businesses

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The Secretary of Labor told Fox News that the administration's new health insurance rule will allow small businesses to negotiate lower cost plans. Large companies have many advantages; they have bargaining power and actually have fewer regulations than the small businesses. The Association Health Plans (AHPs) announced by the administration allow ...
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TelePay Insurance

The ACA Fix for Mom & Pop

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The Affordable Care Act was supposed to be a boon to small businesses and the 59 million Americans they employ. It hasn't worked out that way. In the past few years the ACA outlawed basic insurance plans and required businesses with 50 or more full-time workers to provide gold-plated coverage they didn't need. Almost immediately, companies began re...
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TelePayroll

VA Launches National Medical Device Registry

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The Department of Veterans Affairs has teamed with several other federal agencies to launch a nationwide medical implant tracking program. The collaboration between the VA and the Department of Defense, Centers for Medicare & Medicaid Services and the Food and Drug Administration will allow the VA to better monitor the safety of implant devices...
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TelePayroll

Drug Makers Announcing Big Voluntary Price Cuts

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Drug makers will announce "voluntary massive" price cuts in by the end of June. The administration and Health and the Human Services Secretary unveiled a blueprint to lower drug prices in early June.The Administration said Wednesday drugmakers will soon be announcing "voluntary massive" price cuts in two weeks. While signing "right-to-try" legislat...
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TelePay Insurance

Considering Insurance 1/2 the Cost of the ACA

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According to some concerned parties, the existing ACA is in a "death spiral" because of fewer enrollees, more dropouts and higher premiums (huge increases coming later this year). One-third of the people who enrolled in the ACA in January 2015 dropped out by the end of the year. The data for ensuing years will be worse. New regulations to offer a m...
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TelePay Insurance

Major Players Create New Committee to Make Healthcare Safer for Patients

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Some of the top healthcare groups—including government agencies like the Centers for Disease Control & Prevention and the Centers for Medicare & Medicaid Services—gathered in late May for the first time to examine new ways to make healthcare safer for patients. Led by the Institute for Healthcare Improvement (IHI), a newly launched steering...
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TelePay Insurance

Most ACOs Would Flee Medicare Program if Pushed to Take on More Risk

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A huge chunk of organizations says they would leave the Medicare Shared Savings Program if they're forced to take on financial risk, which could slow the system's transition to value-based care.  It’s also unclear whether the Centers for Medicare & Medicaid Services (CMS), which oversee the program, will make any new changes. A recent letter from the agency offered a vague response about a possible drop in participation, even as another agency indicated it is reviewing proposed changes to th...
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