Some Consumers Favor Narrow Networks If It Costs Less
The New York Times reports that many appear willing to trade a choice of providers for savings, with nearly half of the plans offered through the health law's online exchanges having limited networks and more employers embracing these plans as well. Meanwhile, as the deadline for filing federal taxes approaches, news outlets continue to cover how many people may be surprised to face penalties.
The New York Times:
Health Insurance Shoppers Look To Limited Networks To Save Money
In all the turmoil in health care, one surprising truth is emerging: Consumers seem increasingly comfortable trading a greater choice of hospitals or doctors for a health plan that costs significantly less money. “Are they willing to trade choice and access for price? There’s no question about that,” said Mark Newton, the chief executive of Swedish Covenant Hospital, a Chicago hospital that recently teamed with an Illinois insurer, Land of Lincoln Health, to offer a health plan. (Abelson, 4/13)
The Fiscal Times:
Millions Could Face Surprise Obamacare Tax Penalty
The deadline to file taxes is just two days away, and yet nearly half of all uninsured Americans have no idea that they will be subject to Obamacare’s tax penalty for not having health coverage this year. A new study from the Robert Wood Johnson Foundation and the Urban Institute found that of the uninsured population that will be filing a federal tax return this year, about 47 percent said they didn’t know anything at all or very little about Obamacare’s individual mandate penalty. (Ehley, 4/13)
NJ Spotlight:
Income Tax Day Brings Unexpected Surprises For Filers Facing ACA Penalties
Wednesday’s deadline for filing income-tax returns marks the first time that Americans without health insurance must pay a tax penalty under the Affordable Care Act, and while it’s too late to avoid the tax for 2014, there’s still time to avoid paying the full penalty for this year. In New Jersey, tax preparers are finding that some clients are facing an entirely different problem: having to pay back some of the subsidies they received when they applied to buy health insurance last year. That’s because those people wound up having a higher income than they estimated when they applied and received the the tax credits. (Kitchenman, 4/13)
Health News Colorado:
Couple Owes Uncle Sam $7,500 As Exchange Tax Troubles Trip Up Thousands
Tax day is bringing lousy news to some customers of Colorado’s health exchange. A Gilpin County couple faces a shocking tax bill of nearly $7,500 after Colorado’s health exchange set them up with subsidies that their accountant says they now must give back. (Kerwin McCrimmon, 4/13)
And on the topic of the Cadillac tax -
The Fiscal Times:
Obamacare's Cadillac Tax Hits The College Campus
Higher education and its comfortable inhabitants on campus have long been hotbeds of support for Obama and Obamacare. Now, along with business and labor, i.e., the other inhabitants of what passes for the real world, they are about to become victims of ... its high “Cadillac” tax on generous health plans. (Rosenberg, 4/14)
